1、 Price trend
According to the data of business agency, on December 31, the average p value of oil-based ethylene glycol was 4908.33 yuan / ton, an increase of 48.33 yuan / ton compared with the previous statistical cycle.
On December 30, the spot price in East China market rose, with an average price of 4830 yuan / ton, down 130 yuan / ton from the beginning of this month, a decrease of 2.62%.
2、 Analysis of influencing factors
| PVA |
In terms of inventory, as of December 30, the total inventory of ethylene glycol in the main ports of East China was 664000 tons, a decrease of 19600 tons or 2.87% compared with last Thursday, and an increase of 4800 tons or 0.73% compared with Monday. Continue the low inventory status.
Unit: one line of a 400000 ton syngas MEG unit in Inner Mongolia has been restarted today. It was previously stopped near the 10th. It is expected that another production line will be overhauled in the near future.
Ethylene glycol fluctuated at a low level this month. Oil demand is relatively stable, US crude oil is consolidated at a high level, coal prices are in a downward trend, and the lifting strength is not strong.. The contradiction between supply and demand of ethylene glycol is difficult to solve. The downstream polyester is in the off-season, and the terminal demand is light, which does not support the ethylene glycol market well. MEG supply increased. According to incomplete statistics, the total expected arrival of main terminals in East China from December 31 to January 5 is about 182500 tons, an increase over the previous statistical cycle.
3、 Forecast: Meg’s low shock market continues, so it is necessary to pay close attention to the trend of crude oil price.
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