The latest p-value price of ethylene glycol on May 26 was 4966.67 yuan / ton, unchanged from the previous trading day. Year on year decrease of 1.32%.
Ethylene glycol futures recovered their lost ground today, and the external market rose slightly in the afternoon. Recently, the negotiated price of cargo is around us $600 / ton. As of May 26, the total inventory of ethylene glycol in the main port of East China was 1184500 tons, a decrease of 2800 tons or 0.24% compared with last Thursday, an increase of 6700 tons or 0.57% compared with Monday. The port delivery volume was slow, and the inventory level remained high in the short term. The atmosphere of real orders in the market is general, and the production and sales of polyester market are light. Therefore, despite the decline of ethylene glycol operating rate, the contradiction between supply and demand still exists.
Forecast: interval shock.
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