The short-term diethylene glycol market is expected to consolidate and run

Yesterday, the main market stability and adjustment, the general atmosphere of negotiation, East China market closing prices in 6440-6470 yuan / ton near.

Raw materials: despite the Fed's announcement of a 25 basis point interest rate hike, and the Organization of the Petroleum Exporting Countries will adhere to its original plan to cut production, foreign time March 22, Europe and the United States oil prices closed continued to rise. wti for to May: 70.90 up 1.23; May Brent: 76.69 up 1.37.

Supply: So far, the two depots in Zhangjiagang have shipped a total of 1,700 tonnes, up 460 tonnes from the previous day's shipments. Inventory of the two depots stood at 28,000 tonnes.

Demand: downstream unsaturated resin to maintain just demand for procurement, demand boost limited

Forecast: Overall, international oil prices have rebounded slightly, macro sentiment has eased, stocks continue to be low, shipments remain, fundamentals remain good, the short-term diethylene glycol market is expected to consolidate and run.