According to the data of business agency, on May 20, the average price of P value of oil-based ethylene glycol was 5008.33 yuan / ton, which was the same as that in the previous statistical cycle.
| Chitosan oligosaccharide |
Oil prices fell on Friday as investors worried that weak global economic growth and tighter monetary policy by the central bank might curb the recovery of fuel demand. The cost side is slightly loose, the external market price of ethylene glycol is weak, and the actual single transaction is sporadic. The recent negotiated price of shipping is around us $610 / ton.
In the downstream, the current terminal is depressed, the downstream orders are poor, and the production and sales of polyester Market in Jiangsu and Zhejiang are generally flat. At present, ethylene glycol continues to suffer losses, ethylene oxide is more economical than ethylene glycol, and the cogeneration unit tends to EO Production.
In terms of inventory, as of May 19, the total inventory of ethylene glycol in the main ports of East China was 1187300 tons, an increase of 25700 tons, an increase of 2.21%, and 36200 tons, an increase of 3.14%, compared with Monday. The inventory remained high.
Forecast: low range shock.
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