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This week's ethylene glycol market is expected to rebound on a shaky basis

Views: 0     Author: Site Editor     Publish Time: 2023-05-29      Origin: Site

1、The overall demand side was positive, and the worries caused by the US debt weakened, international oil prices rebounded narrowly this week;

2、Ethylene glycol inventories accumulated at the main port of East China, with stocks around 997,600 tonnes;

3、Polyester end load was slightly raised to 88.29%;

4、The capacity utilization rate of ethylene glycol was at a low level of 49.53%.

Market outlook: this week, some of the maintenance devices restarted, domestic supply rebounded, but the downstream polyester load remained high, rigid demand support is strong, the port is expected to depot, and the macro atmosphere is warming up, the continued decline in commodities have repair expectations, is expected this week ethylene glycol market oscillation rebound mainly, pay attention to this week's international crude oil and port inventory changes.



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