The domestic ethylene glycol market this week following a pullback in commodity market as a whole, the overall market pressure liquefied, ethylene glycol at the beginning of the week the biggest one-day decline of up to 5.99%. Electronic disk poor performance this week by the end of the week, the whole week glycol electronic disk slightly down. The current focus of ethylene glycol market in East China strong, by the end of the week the mainstream transaction in 7420-7430 yuan / ton, to discuss the futures space at 7400 yuan / ton; ethylene glycol market trading, floor traders shipped by the end of the week, the mainstream price at 7550-7570 yuan / ton; to discuss the actual inquiry, the overall maintenance of the downstream just need to purchase.
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This week the glycol WaiPan prices closed at $850 / ton, down 1.96% compared to last week’s closing price. The oil price shocks of ethylene, U.S. economic data and expectations of OPEC output, international oil prices rose slightly in the light of the transaction. As of Thursday (December 22nd) February WTI crude oil futures settlement price of $52.95 a barrel in February; Brent crude oil futures settlement price of $55.05 a barrel%. In December 22nd, Asian ethylene prices fell in part, CFR closed at $1144.5-1146.5 / ton metastable northeast, Southeast CFR at $984.5-986.5 / ton. The downstream polyester manufacturers during the week sales was also started by the end of the week the callback, Jiangsu and Zhejiang polyester production and sales as a whole is still weak, the average estimate of about 5 into. The downstream rally will tend to slow down, eg a sli
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ght correction.
The domestic ethylene glycol market this week, finishing concussion, number of main port area of East China stocks rebounded, the spot market in the circulation of goods will tend to loose. And with the Huaihua device, domestic ethylene glycol start load will continue to rise. But the current downstream polyester operating rate is still part of the good performance, the product inventory is low, just need to support stronger. And the delivery period, some traders buying demand deposit contract gap remaining. The polyester industry sales terminal based on good performance, high order ethylene glycol market.
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From the current point of view, the support of ethylene glycol upward slowed, part of the industry before the stock market is nearing completion, the downstream recently started will also have different degrees of decline, the demand is insufficient to support, is expected next week in the market price of ethylene glycol to the weak trend of finishing.
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