Crude oil rebounded and the short-term ethylene glycol market is expected to run on a shaky basis.

On Friday, the market is strong upward, the general atmosphere of negotiation, the actual transaction is still possible, as of 3:00 p.m. East China market closing price in 4220-4230 yuan / ton near.                      Raw materials: the latest economic data than expected to ease the U.S. recession doubts, the market re-weigh the economic and crude oil supply and demand prospects, foreign time on April 21, Europe and the United States oil prices stopped falling rebound. wti for to June: 77.87 up 0.50 or 0.65%; June Brent: 81.66 up 0.56 or 0.69%.

Supply: external macro sentiment improved to drive the overall strength of commodities, part of the production unit delayed; the United States a set of 830,000 tons / year of MEG plant in April 15 near the abnormal equipment stop for maintenance, is expected to affect the length of time in the vicinity of 3 weeks.

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

Forecast: On the whole, crude oil rebounded and the short-term ethylene glycol market is expected to run in oscillation.