The short-term domestic ethylene glycol market is expected to maintain the oscillating pattern.

The market was light today with a general trading atmosphere. 

As of 3:00 pm, the market price in East China was around RMB 4085-4095/ton. On the device side, a 900kt/year MEG plant in Dalian is currently warming up and restarting, and is expected to be discharged tomorrow and the next day. 

A 700,000-tonne plant in Southeast Asia has restarted recently, but has not yet qualified to produce products. Downstream polyester cautiously watch the market, the demand side to continue the pessimistic expectations, the market lacks substantial drive. 

From a comprehensive point of view, Hengli Petrochemical plans to restart on Sunday, April-June as ZPMC, satellite petrochemical conversion and overhaul, the domestic supply dropped to 1.2 million tons / month, ethylene glycol supply and demand gradually turned to the depot pattern. 

The short-term domestic ethylene glycol market is expected to maintain the oscillating pattern.