Recently, ethylene glycol has fluctuated and fallen mainly. In the early stage, it was supported by the overall increase in bulk. Ethylene glycol was somewhat supported, but the overall demand was still poor. Yesterday ( May 9) The electronic trading opened lower and moved lower, and today the center of gravity is slightly downward.
The main contract of West China Electronic Trading, MEG1707, opened at 5,880 yuan in the morning, with a highest price of 5,884 yuan and a lowest price of 5,782 yuan. It currently closed at 5,828 yuan, down 82 yuan from the previous trading day. Yuan, with a range of 1.39% and a transaction volume of 69,160. As of the afternoon, the mainstream quotations in the ethylene glycol market in East China were around 5810-5930 yuan/ton, the quotations for coal-based ethylene glycol in South China were around 5850-5900 yuan/ton, and the quotations for oil-based ethylene glycol were around 5850-6050 yuan/ton.
Generally speaking, there is a lack of substantial support for downstream demand in the near future. It is expected that the domestic ethylene glycol spot market will be strong and volatile tomorrow.
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