The short-term ethylene glycol market is expected to be weak and stable

Yesterday's market shock down, the general atmosphere of negotiation, the actual transaction is still possible, as of 3:00 p.m. East China market closing price in 4055-4065 yuan / ton near.                      Raw materials: investors weighing OPEC + production cuts, U.S. oil stocks decline and global economic outlook concerns, foreign time April 6, Europe and the United States oil prices closed slightly higher. May WTI: 80.70 up 0.09 or 0.11%; June Brent: 85.12 up 0.13 or 0.15%.

Supply: Installations, Gulai Petrochemical April 4 temporary stop, opened yesterday. Hengli Petrochemicals as planned maintenance, domestic supply is expected to reduce. Overseas installations in South Korea two sets of installations in April-May overhaul plans, horse oil again parking, the overall import arrivals are expected to decline slightly, imports in April-May is expected to 560,000 tons of scale.

Demand: the main downstream polyester production and sales do not have sustainability, the demand side of the drive is not enough.

Forecast: Overall, there are more unstable factors in the periphery and insufficient demand-side drive, with the expected short-term ethylene glycol market weak and stable.