Ethylene glycol daily review (20215)

The latest p-value price of ethylene glycol on February 15 was 5258.33 yuan / ton.

 

Thiourea

In terms of inventory, as of February 14, the total inventory of ethylene glycol in the main ports of East China was 805000 tons, an increase of 52500 tons or 7.02% compared with last Monday, and an increase of 51000 tons or 0.64% compared with last Thursday. The cumulative stock market of the port has continued recently.

 

On February 14, the spot price of ethylene glycol in East China market was 5150 yuan / ton, up 22.5 yuan / ton from the previous trading day and down 141.5 yuan / ton from last week.

 

In terms of units, Maoming Petrochemical 1# high-pressure polyethylene, full density polyethylene, SBS rubber, 1# ethylene glycol and 1# styrene are planned to be put into operation on March 15 and shut down on February 25.

 

In the afternoon, the center of gravity of Meg’s outer plate strengthened slightly, and the recent cargo negotiation was around us $690 / ton. The upstream crude oil fluctuates at a high level and has not yet reached the top. Many prediction institutions expect the crude oil to reach more than US $100 / barrel in the long term. Downstream demand has gradually recovered slowly, and polyester operating rate has gradually increased. However, the operating rate of ethylene glycol is also at a high level, the supply side is under pressure, and ethylene oxide is also in the state of loss production, which can not support ethylene glycol.

 

Wide range: limited rise and fall.

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