The latest p-value price of ethylene glycol on May 9 was 4975 yuan / ton, unchanged from the previous trading day. Year on year decrease of 3.34%.
| Thiourea |
Oil prices fell along with Asian stock markets on Monday. Concerns that the global economic recession may curb oil demand increased risk aversion. The epidemic blockade led to a slowdown in China’s export growth in April. Saudi Arabia, the world’s largest oil exporter, cut the crude oil prices in Asia and Europe in June on Sunday. Investors focused on the EU negotiations on the Russian oil embargo, which may tighten global supply. The ethylene glycol futures market weakened slightly. The recent cargo negotiation of MEG outer plate was around us $640 / ton. There was little change in the overall commencement of the downstream polyester industry, and the follow-up of terminal demand was poor. It was difficult for the polyester market to perform well in the short term. As of May 9, the total inventory of ethylene glycol in the main port of East China was 1153200 tons, an increase of 1700 tons or 0.15% over last Monday and 11900 tons or 1.04% over last Thursday.
Forecast: interval shock.
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