Ethylene glycol daily review (20211118)

The latest p value price of ethylene glycol on November 18 was 5250 yuan / ton.

In terms of inventory, as of November 18, the total inventory of ethylene glycol in the main ports of East China was 545000 tons, a decrease of 58200 tons, a decrease of 9.65%, and 44300 tons, a decrease of 7.52%, compared with last Thursday.

On Thursday, the oil price fell to the low point of nearly six weeks, ethylene glycol went to the warehouse sharply, the polyester operating rate increased slightly, the demand side increased slowly, the supply increment was not large-scale, and the fundamentals were stable.

Forecast: wide range shock.

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