According to the data of business agency, on August 12, the average p value of oil-based ethylene glycol was 4350 yuan / ton, down 91.67 yuan / ton compared with the previous statistical cycle, down 2.06% year-on-year.
| Thiourea |
On the upstream side, international oil prices rose on Thursday. As the abnormal high temperature weather and tight natural gas supply in Europe in summer prompted more oil demand for power generation, the IEA raised the growth forecast of global oil demand. The settlement price of October Brent crude oil futures on the London Intercontinental Exchange rose by US $2.20/barrel to US $99.60/barrel; The settlement price of WTI crude oil futures in September on the New York Mercantile Exchange (NYMEX) rose by US $2.41 to US $94.34/barrel. However, the slowdown of economic growth makes the downstream olefin market of naphtha cracking unit weak, and the spot demand of naphtha is low.
MEG USD market is still weak, and the negotiated price is around 510 USD / T. In terms of equipment, Hubei sanning 600000 T / a ethylene glycol unit will be shut down for maintenance on August 5, 2022, and the maintenance is expected to take about 20 days; The 120000t / a ethylene glycol unit of Inner Mongolia Yigao Coal Chemical Co., Ltd. will be shut down for maintenance on August 10, 2022, and the restart time will be determined. The port inventory has been reduced slightly, but it is still at a high level as a whole. As of August 11, the total ethylene glycol inventory at the main port in East China was 1142700 tons, a decrease of 46800 tons compared with last Thursday, a decrease of 3.93%, an increase of 5800 tons compared with this Monday, an increase of 0.51%. The downstream polyester start-up load slowly rebounded, but the terminal demand was weak, and the enterprise inventory was still under pressure.
Forecast: constrained by the demand side, ethylene glycol fluctuates with the low range of cost level.
| http://www.thiourea.net |