The latest p-value price of ethylene glycol on June 2 was 5000 yuan / ton, unchanged from the previous trading day. Up 0.2% year on year.
WTI crude oil futures and Brent crude oil fell during the day, and the cost side was adjusted weakly. The external market of ethylene glycol has stabilized. Recently, the negotiated price of shipping and cargo has been around us $624 / ton, the MEG operating rate has declined slightly, the port inventory has remained high, the downstream market trading is light, and the production and sales of polyester market have not been significantly improved.
Forecast: the fundamentals did not show an obvious positive trend, and continued to fluctuate in a narrow range in the state of undervaluation.
| http://www.lubonchem.com/ |