Ethylene glycol weekly report

May 17 close: market sentiment on the U.S. debt ceiling negotiations is relatively optimistic, overlaid with positive demand expectations, international oil prices rose. nymex crude oil

futures 06 contract 72.83 up $1.97/bbl or 2.78%; ICE bunker oil futures 07 contract 76.96 up $2.05/bbl or 2.74%.

Domestic ethylene glycol production: 271,300 tonnes, down 43,800 tonnes or 13.91% YoY from last week;

Total domestic ethylene glycol capacity utilization rate this week: 49.84%, down 8.06% YoY, including 55.82% capacity utilization rate of integrated plant, down 4.97% YoY.

The capacity utilization rate of coal-based ethylene glycol was 39.09%, down 15.96% from the previous week.

Demand: polyester capacity utilisation rate of 86.63%, production of 1.22229 million tonnes, up 2.04% QoQ.

From the supply and demand data, next week's supply side of the country production is expected to hold steady rebound, imports increased significantly, the total supply growth over the week, demand, poly

The supply and demand structure is expected to be bearish.

East China main port glycol stocks: 970,200 tonnes, up 3.11% YoY;

All-in-one industry profit -102.42 USD/tonne, up 13.44% qoq.