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The market was in a narrow range yesterday

Views: 0     Author: Site Editor     Publish Time: 2023-03-24      Origin: Site


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Yesterday's market narrowly oscillated, the general atmosphere of negotiation, the actual transaction stalemate, East China market closing prices at 4010-4020 yuan / ton near.

The market was in a narrow range yesterday.

Supply: crude oil continuous rebound, overlaid with Hainan refinery device to reduce the negative long confidence has increased, the morning shock upward.

Demand: downstream polyester device opening rate reached a high of 90%, but the demand side by the main downstream efficiency and terminal situation, there is also a decline is expected.

Forecast: On balance, the cost side of ethylene glycol briefly moved upwards, but is still in a loss-making state. The downstream just needs to purchase but there is a decline expected in the later stage, and the short-term glycol market is expected to be weak and consolidating.



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