The latest p-value price of ethylene glycol on January 5 was 5041.67 yuan / ton, and the spot center of gravity strengthened slightly.

In terms of inventory, as of January 4, the total inventory of ethylene glycol in the main ports of East China was 684100 tons, an increase of 24900 tons, an increase of 3.78%, and 20100 tons, an increase of 3.03%, compared with last Thursday. On January 4, the spot price of ethylene glycol in East China market was 4994 yuan / ton, an increase of 117 yuan / ton or 2.4% over the previous trading day.

Indonesia banned coal exports in January, boosted by thermal coal, US fuel stocks rose and oil prices fell on Wednesday. On the whole, the atmosphere of the crude oil market is still optimistic. The ethylene glycol port inventory maintained a slight increase, the MEG outside atmosphere weakened in the afternoon, and the cargo negotiation in January was near 655. A new 800000 ton ethylene glycol unit in Ningbo is expected to be put into operation near 1.12. Today, its front cracking has been put into trial operation. The terminal orders are general and the annual festival is approaching. Due to the spread of the epidemic and poor terminal demand, the downstream polyester demand is still relatively cold.

Forecast: the supply and demand side continues to be weak, which is difficult to form an effective support for the market. At present, the cost has a great impact on the ethylene glycol market. Market participants also pay attention to the impact of demand instead of the impact of raw material market fluctuation.