Ethylene glycol: Ethylene glycol is now at a high level and fluctuates. The trading atmosphere on the market is general

The market price index of ethylene glycol was 4186.71, up 25.56 from yesterday.

Market focus:

1. The market is still worried about the US debt ceiling, and some economic data are weaker than expected, and international oil prices fell. Ice crude oil futures 06 fell 0.25 U.S. dollars per barrel or 0.35 percent per barrel or 0.35 percent. Ice cloth oil futures 07 fell 0.32 U.S. dollars per barrel or 0.43 percent.

2. The 300000-ton syngas MEG plant in Weihe, Shaanxi Province began to be shut down and overhauled on May 8th, which is expected to last for 15-20 days.

3. Xinjiang Tianye 600000-ton ethylene glycol plant is stopped for maintenance, which is planned for one month, and the 50, 000-ton ethylene glycol plant in the old area operates normally.

Futures trends:

May 17, 2023 EG main contract 2309 opening price: 4318, highest price: 4366, lowest price: 4296, settlement price: 4328, closing price: 4348, position: 425686, up 27 from the previous working day, up by 0.62%.

Spot market: today, ethylene glycol market prices continue to rise, futures market volatility uplink, the current spot circulation is relatively limited, to a certain extent to support the mentality of the industry. Specifically, MEG inner disk center of gravity concussion uplink in the morning, market negotiations are OK. At present, the spot base difference is near the 09 contract discount of 95-100 yuan / ton, the negotiation is 4245-4250 yuan / ton, and part of the transaction revolves around 4215-4245 yuan / ton. Afternoon MEG inner disk center of gravity concussion is strong, buy a follow-up in general. At present, the spot base difference is near the 09 contract discount of 95-100 yuan / ton, the negotiation is 4255-4260 yuan / ton, and part of the transaction revolves around 4220-4250 yuan / ton. As of press time, the quotation in South China revolves around 4450 yuan / ton, maintaining that yesterday, the quotation of some manufacturers is strong; the quotation in East China is around 4225 yuan / ton, up 7 yuan / ton from yesterday.

List of market prices on the outer disk:

List of mainstream market prices:

Enterprise price list:

Unit: yuan / ton

Future forecast:

Recently, the performance of macro mood is poor, the price of crude oil fluctuates in a narrow range, and the cost is limited in the face of ethylene glycol support. however, with the landing of the plant overhaul recently, the supply in the Chinese market has been reduced, and there are still plans to stop the plant in the later stage, if the overhaul can be landed on schedule, the market supply may still be expected to shrink, and some operators in the market have a positive mentality; with the decline of raw material prices, there is a certain demand for filling up in the lower reaches. At present, the supply pressure in China has eased, and the price-raising sentiment of some manufacturers is still needed, but in view of the limited support of demand, the short-term market price of ethylene glycol is expected to be arranged horizontally, and in the later stage, we need to pay close attention to the prices of crude oil and coal as well as the operation of the plant in the field.