The short-term ethylene glycol market is expected to run in a shaky adjustment.

Yesterday's market shuddered upwards, the negotiation atmosphere is general, the actual transaction is still possible, as of 3:00 pm East China market closing price in 4090-4100 yuan/ton near.                                                                                Feedstock: Investors weighed the negative impact of the Fed's continued interest rate hikes on economic growth and fuel demand, and a stronger dollar dampened risk appetite, with oil prices in Europe and the U.S. falling more than 1% on April 10. May WTI: 79.74 down 0.96 down 1.19%; June Brent: 84.18 down 0.94 down 1.10%.

Supply: On the device side, a 400,000 ton/year syngas to ethylene glycol plant in Xinjiang has restarted and discharged recently, and the load is expected to gradually increase next week. Despite the overhaul of Hengli Petrochemical in April and the expected reduction in the overhaul of Zhejiang Petrochemical, the overall supply remained at a high level. Imports in April imports were slightly down.

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

Forecast: a comprehensive view, the international oil prices continue to be strong, the cost side support. Downstream polyester start has reached a high level, later there is a strong negative expectations, terminal orders are not good, is expected to short-term ethylene glycol market oscillation adjustment operation.