The latest p-value price of ethylene glycol on February 24 was 5091.67 yuan / ton.
In terms of upstream raw materials, the sharp deterioration of the situation in Ukraine triggered market shocks, the price of crude oil exceeded the 100 yuan mark, and the sharp rise in commodity prices exacerbated concerns about inflation and economic growth risks. Ethylene glycol is stronger than the previous market, but the overall supply and demand pressure is large, and the social inventory continues to accumulate slightly. Downstream polyester procurement slowed down, polyester closing price fell slightly, manufacturers intended to control inventory, and terminal orders were weak.
Forecast: the cost rises slightly, but the market is still dragged down by the downstream. In the later stage, we need to pay attention to the recovery of the demand side. In the short term, it is expected to be low and wide.
| PVA |