Late week ethylene glycol prices rebounded to the upside

Introduction: This week's market fell first and then rose, crude oil fell at the beginning of the week to drive the market opened lower, Tuesday began to macro news positive expectations of the commodity market as a whole stabilized to good, ethylene glycol gradually slowly lift, the supply side of the tired library is expected to move back to stimulate the market low price buying enthusiasm, late week ethylene glycol prices rebounded to good.

Port apparent inventory still has probability of de-stocking

Recently, due to the delay of shipping schedule, weather and other factors, the arrival quantity before mid-June is lower than the market expectation, and some of the shipping schedule is shifted back to the end of June/July, and Taicang and other depots are affected by the reduction of domestic trade goods, and the amount of recent available sources is limited.

The news of the restart of the domestic end is basically fulfilled

Recently, the domestic end of the restart news concentration, can be determined is the end of June / early July restart of Zhejiang Petrochemical 1.55 million tons, Hainan refining 800,000 tons in July restart; coal chemical industry in Xinjiang Tianye 600,000 tons restart; Henan energy Yongcheng 200,000 tons restart. Satellite petrochemical 900,000 tons device restart in July is unlikely; monthly production boosted near 220,000 tons, July national production is expected to be near 1.4 million tons.