The latest p-value price of ethylene glycol on May 19 was 5008.33 yuan / ton, unchanged from the previous trading day. Up 0.7% year on year.
The expectation of tight global supply and the improvement of fuel demand due to Shanghai’s plan to relax restrictions overshadowed concerns about slowing economic growth, and oil prices rebounded from the decline in early trading on Thursday. Today, Meg’s external market is weak, and the recent negotiated price of cargo is around us $610 / ton. The operating rate of ethylene glycol continues to decline slightly, the operating rate of polyester in the downstream is general, and the recovery of the demand side is slow. At present, the factory still needs to purchase, which has no obvious support for the ethylene glycol market.
Forecast: interval shock.
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