The latest p-value price of ethylene glycol on February 23 was 5091.67 yuan / ton.

In terms of inventory, as of February 21, the total inventory of ethylene glycol in the main port of East China was 866300 tons, an increase of 65800 tons or 8.22% compared with last Monday, and a decrease of 11500 tons or 1.31% compared with last Thursday.

Today’s futures price: the opening price of the main contract is 5017 yuan / ton, and the settlement price is 5016 yuan / ton. The highest price was 5065 yuan / ton, the lowest price was 4960 yuan / ton, and the closing price was 5024 yuan / ton, down 0.50% from the previous trading day. The trading volume is 284032 hands and the position is 303705.

In the afternoon, MEG outer plate was sorted out, and the recent cargo negotiation was near 660. Oil prices fluctuated at a high level and jumped on Tuesday to a seven-year high. They fell slightly today after expecting that Western sanctions against Russia would not affect oil supply. Downstream polyester procurement slowed down, manufacturers’ inventory was high, and terminal orders were weak.

Forecast: Although the cost side support is strong and the current valuation of ethylene glycol is low, there is a lack of substantive positive pull in the downstream, which reduces the ceiling of the uplink and is expected to fluctuate at a low level.