Weak price of ethylene glycol
| Chitosan oligosaccharide |
According to the data of the business community, the average price of oil to glycol P was 3991.67 yuan/ton on November 7, down 0.62% from the previous trading day and 29.67% year on year..
Price rise and fall in upstream and downstream of ethylene glycol industry chain
| Gamma-PGA (gamma polyglutamic acid) |
In the near future, the overall pattern of strong ethylene glycol supply and weak ethylene glycol demand remains unchanged. According to the inventory data, the MEG inventory of the main port in East China on November 7 was 838000 tons, up 38.6% year on year from 604500 tons a year earlier; From the month on month data, we can see that from May to August, the inventory was more than 1 million tons. At present, the inventory was 852100 tons on the month on month 8, slightly out of stock. On the whole, the inventory is in the same period.
On the supply side, in November, Yulin Chemical’s new units will be stable, and the domestic increment will be clear. On the demand side, it is difficult to increase the overall load due to high inventory; The market focus on the cost side continues to weaken, and the losses of ethylene glycol in various processes are further aggravated. The cost side has formed a certain support, and ethylene glycol is expected to be dominated by short-term weak sideways operation.
| http://www.lubonchem.com/ |