The latest p-value price of ethylene glycol on March 17 was 5133.33 yuan / ton.
The ethylene glycol market is weak and declining today. Crude oil futures prices rose sharply yesterday, hitting the highest settlement price in nearly two weeks. EU foreign ministers considering sanctions on Russia’s energy industry may lead to further tightening of supply. The high-level range of upstream crude oil jumps repeatedly, and the bottom support of ethylene glycol is obvious. In the afternoon of ethylene glycol, the center of gravity of MEG outer offer decreased. Recently, the ship offer fell to within 690, and the offer was around 675. There were obvious differences between the buyer and the seller. At present, the port inventory remains high. As of March 21, the total inventory of ethylene glycol in the main port of East China was 949500 tons, a decrease of 8100 tons or 0.85% compared with last Monday and 6600 tons or 0.69% compared with last Thursday. The downstream textile demand continues to be low, the production and sales of polyester are general, and the downstream purchase demand is relatively soft.
Forecast: bottom range shock.
| Thiourea |