This week's ethylene glycol market is expected to shake and adjust

Yesterday's market rose slightly, the general atmosphere of negotiation, the actual transaction is still possible, as of 3:00 p.m. East China market closing price in 4135-4140 yuan / ton near.                      The US is expected to be the world's largest oil producer, with the US and European oil prices falling about 2% on April 17. May WTI: 80.83 down 1.69 or 2.05%; June Brent: 84.76 down 1.55 or 1.80%.

Supply: overall tight balance. As for the device, Jiaxing a set of original design 1 million tons / year MEG device is scheduled to be put into operation at the end of this month, MEG is expected to be discharged in the first half of May, the follow-up continues to follow.

Demand: downstream polyester plant production cut maintenance is the main, there are also local factory load fine-tuning, polyester load has declined.

Forecast: a comprehensive view, international oil prices have strengthened, the cost side is more supportive. Domestic supply shrinkage, inventory fell slightly. However, downstream pessimism spread, the terminal order situation is not good. The market is slightly under-driven. It is expected that the ethylene glycol market will run in a shaky adjustment this week.