First, the price trend
According to the business community statistics show that this week the domestic ethylene glycol market prices stable upward, as of July 7, ethylene glycol (excellent goods) reported 6889 yuan / ton, compared with the beginning of the week rose 0.68%.
| Chitosan oligosaccharide |
Second, the market analysis
Products: polyethylene glycol strong support this week, prices rose slightly. Which the mainstream market in East China rose 200 yuan / ton, the South China market rose 200 yuan / ton. In the demand of leveraging, ethylene glycol practical strength, the downstream polyester 5 months to maintain the load to maintain more than 85%, to a certain extent to give ethylene glycol market confidence. As of July 6, MEG (within the disk) rose to 6850 yuan / ton in the vicinity of the formation of support for ethylene glycol.
| Sodium Molybdate |
Industry chain: As of Thursday, WTI prices closed down 0.52 US dollars on Friday / barrel, cloth oil closed up 0.19 US dollars / barrel. Oil prices this week, the trend of decline, although the dollar rebounded to suppress some of the rebound in oil prices, but the market early pessimism. The reason for the decline in oil prices is the rise in monthly oil production by the Organization of Petroleum Exporting Countries (OPEC) and Russia’s refusal to implement more efforts to cut production. But by the US crude oil production level at a high level and the Russian position will be scheduled to withdraw from the cut agreement and other reasons, oil prices quickly dive and turn up to fall. Ethylene derivatives market trend within weeks weak, lack of intention to accept goods. Pre-cracking device maintenance brought about by the upstream potential, by the downstream demand for styrene products such as the decline in the purchase intention of the downturn weakened, but there will not be a sharp decline.
| Gamma-PGA (gamma polyglutamic acid) |
Third, the market outlook forecast
Ethylene glycol analysts believe that: the current ethylene glycol start load rise 70% up and down, and recently with the Yangzi Petrochemical, Hubei fertilizer plant has expected to restart. Is expected next week ethylene glycol (excellent product) strong operation, the price of 7,000 yuan / ton.
| http://www.lubonchem.com/ |