According to the data of business agency, on November 9, the average p value of oil-based ethylene glycol was 5700 yuan / ton, up 12.5 yuan / ton from yesterday.
In terms of units, Fujian United 400000 T / a ethylene glycol unit was shut down for maintenance on November 6, 2021, and the planned maintenance time is about 30 days. The commencement of Shanxi Meijin was delayed due to limited production. Anhui Haoyuan 300000 tons are expected to be discharged in mid November and Shenhua Yulin 400000 tons are expected to be discharged in late November, with limited short-term impact.
Crude oil remained stable, and the market was more optimistic about the fuel demand and economic development prospects. The domestic ethylene glycol start-up remained low, and the late arrival volume rose slightly compared with the previous period. Due to the recent changeable weather conditions, the unloading efficiency may be hindered to a certain extent, but the overall port inventory remained low. The downstream polyester demand slowly improved, and the operating rate increased slightly. Overall, the fundamentals are sound.
Forecast: shock finishing.
| PVA |