The price of ethylene glycol rose slightly on January 10

Recently, the price of ethylene glycol was relatively stable, and the price moved up on the 10th. According to the data of Business News Agency, on January 10, the average price of domestic oil to ethylene glycol was 4066.67 yuan/ton, and the average market price at the beginning of the month was 4050 yuan/ton, up 0.41%.

On January 10, the spot price of ethylene glycol in the East China market was basically stable, and the spot price range of mainstream manufacturers in East China was 3900-4300 yuan/ton; The spot price of ethylene glycol in the South China market is basically stable, and the spot price range of mainstream manufacturers in East China is 4050 yuan/ton; The spot price of ethylene glycol in the North China market was basically stable, and the spot price of mainstream manufacturers in North China remained at 4100 yuan/ton.

Overview of fundamentals

According to the inventory data, as of January 9, the ethylene glycol inventory in the main port of East China was 892900 tons, 24300 tons more than that in the third day. The price of ethylene glycol is supported to some extent by the month-on-month inventory, but the inventory of ethylene glycol port is still relatively high. On the demand side, with the advent of the traditional off-season, the polyester operating load fell to a low level. Affected by the epidemic situation, the short-term terminal factory was seriously short of work, the weaving industry had an early holiday, and the recent operating load continued to decline rapidly. From the supply side, after the recent centralized maintenance of some enterprise devices, they began to restart, and the supply pressure began to increase.

Aftermarket forecast

At present, the price of ethylene glycol is low, the impact factor of cost side is enlarging, and the basic level of ethylene glycol is relatively weak. In the short term, the upward space of ethylene glycol price is limited, and the platform is mainly operated in shock.