The latest p value price of ethylene glycol on October 21 was 7225 yuan / ton.
In terms of inventory, as of October 21, the total inventory of ethylene glycol in the main ports of East China was 565000 tons, an increase of 81500 tons over last Thursday, an increase of 16.86%, and an increase of 50000 tons over this Monday, an increase of 9.71%.
In terms of units, the 400000 ton syngas MEG unit of Rongxin in Inner Mongolia shut down due to failure today, and Tongliao gold coal in Inner Mongolia shut down on October 20. The restart time is to be determined.
The overall fundamental support of MEG is weakened. The inventory is low, the inventory has accumulated slightly recently, and the unloading at East China port has accelerated slightly, but a large number of goods still haven’t arrived. At present, the pilotage has not been significantly improved, and the arrival is expected to be delayed in the later stage. The external price of ethylene glycol fell for two consecutive days, and the external atmosphere continued to fall in the afternoon today. Recently, the ship’s offer was around us $875 / ton, and there was no substantive offer. Another important factor is coal, whose price has fallen sharply recently, and the price of ethylene glycol has also been deeply adjusted.
Forecast: short term MEG is dominated by weak shocks.
| Thiourea |