The short-term diethylene glycol market is expected to be strong and oscillating

Yesterday, the market shock upward, the general atmosphere of negotiation, the actual transaction stalemate, East China market closing prices at 6270-6280 yuan / ton near.

Feedstock: Although EIA crude oil inventories ended a ten-week streak, but the Federal Reserve further interest rate hike is still expected to pressure risk appetite, foreign time March 8, Europe and the United States oil prices continued to fall. April WTI: 76.66 down 0.92 or 1.19%; May Brent: 82.66 down 0.63 or 0.79%.

Supply: Shipments continued to hold, with total shipments of 2,150 tons from the two depots in Zhangjiagang, up 610 tons from the previous day's shipments. Inventory continued to drop warehouse, two warehouses inventory of 29,100 tons.

Demand: Downstream demand is slowly recovering, and the overall capacity utilization rate of domestic unsaturated resin is about 30%.

Forecast: Overall, the shipment situation continues to maintain, the inventory continues to be depot, international oil prices high loosening, the demand side still has a certain degree of sustainability, is expected to short-term diethylene glycol market is strong oscillation.