Latest trends in diethylene glycol

Yesterday, the futures market was mainly supportive, and the market trading atmosphere was still acceptable. East China market closing price in 6050-6070 yuan / ton near.

Raw materials: the market weighed the impact of China's reset economic growth target.Saudi Aramco raised the official price of crude oil exports in Asia and Europe and the dollar weakened, foreign time March 6.Europe and the United States oil prices reversed again to close up. April WTI: 80.46 up 0.78 or 0.98%; May Brent: 86.18 up 0.35 or 0.41%.

Supply: shipments continue to maintain, so far Zhangjiagang two depots shipped a total of 5,900 tons, the average daily delivery of about 1,967 tons over the weekend. Inventory continues to depot, two depots inventory of 30,600 tons.

Demand: The main downstream unsaturated resin continues to be in a low start state, with weak demand, maintaining just demand for procurement.

Forecast: Overall, crude oil continues to move upward, macro sentiment driven by the collective strength of commodities. Shipments are maintained and port inventories continue to fall, but demand is average. The short-term diethylene glycol market is expected to be strong and oscillating.