Business agency: ethylene glycol daily review (20211221)

The latest p value price of ethylene glycol on December 21 was 4880 yuan / ton.

In terms of inventory, as of December 20, the total inventory of ethylene glycol in the main ports of East China was 692800 tons, an increase of 71800 tons, an increase of 11.56%, and 59200 tons, an increase of 9.34%, compared with last Thursday.

On December 20, the spot price of ethylene glycol in East China market was 4845 yuan / ton, which was 145 yuan / ton lower than the previous trading day and 96 yuan / ton lower than last week.

Due to the re implementation of travel restrictions in some parts of the world due to the epidemic, the market’s concerns about demand have been exacerbated. The price of crude oil has fallen sharply, and the mood of the coal market is not optimistic. Superimposed on the accumulated reserves of ports, the demand side trading is light and the lifting is not strong.

Forecast: low shock.