As of January 6, the total glycol inventory of East China’s main port was about 365000 tons, down 52000 tons from last Thursday, down 12.47%, down 71000 tons from this Monday, down 16.28%. Among them, Zhangjiagang has 172000 tons, down 16000 tons from last Thursday; Ningbo has 70000 tons; Shanghai and Changshu have 4500 tons; Taicang has 48000 tons.
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In addition, due to the tension between the United States and Iran, crude oil prices rose, and glycol prices were cost supported.
In terms of futures, the trend of main glycol contracts in 2005 was stronger today, closing at 4753 yuan / ton, up 2.37%.
According to glycol analysts of business news agency, although the new glycol unit has been put into operation, it is still in the pilot production stage, with less output. The soaring crude oil factor has strong price support, and glycol has room to rise in the near future.
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