SunSirs: Daily Review on Ethylene Glycol (June 02, 2022)
June 06 2022 08:50:21 SunSirs (John)Price trend
The latest price of ethylene glycol on June 2 was 5,000 RMB/ton, which was unchanged from the previous trading day.
Analysis review
On the 2nd, WTI crude oil futures and Brent crude oil fell within the day, and the cost side was weakly adjusted. The ethylene glycol external market stabilized. The recently negotiated price of cargoes was around 624 US dollars/ton. The MEG operating rate dropped slightly, the port inventory remained high, the downstream market was light, and the polyester market had not improved significantly.
Market outlook
The fundamentals do not show an obvious positive trend, and ethylene glycol will continue to fluctuate within a narrow range at a low valuation.
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- 2023-11-01 SunSirs: Macro Sentiment Rebounded, and Ethylene Glycol Prices Were Stabilizing
- 2023-09-04 SunSirs: The Support of Raw Material Costs Enhanced, and Ethylene Glycol Prices Rose on September 1st
- 2023-08-30 SunSirs: On August 28th, the Price of Ethylene Glycol Moved Down
- 2023-08-02 SunSir: Ethylene Glycol Prices Rose by 3.87% in July and May Fluctuate and Consolidate in August
