Short-term domestic ethylene glycol market expected to maintain a weak oscillating pattern

On Friday, the market was weak and consolidating, the atmosphere of negotiation is general, the actual transaction is still possible, as of 3:00 pm East China market closing prices at 4030-4040 yuan/ton near.                                                                                Raw materials: closed due to public holidays

Supply: In terms of installations, a 200,000 ton/year coal-based MEG plant in Guangxi has restarted recently and is currently in the process of load boosting; the plant failed to stop short at the beginning of last week. A 700,000 mt/year MEG plant in Fujian is currently being fed to resume restarting, after the plant was temporarily shut down early last week for some reason. Domestic production start-up rate with the restart of Gulai Petrochemical and improve the follow-up in mid-April, Zhejiang Petrochemical also has maintenance plans. Overseas installations in South Korea two sets of installations in April-May overhaul plans, horse oil again parking, coupled with the United States South Asia device start unstable, imports to the port this week only about 100,000 tons, the overall import volume in April will be less than previously expected. April MEG tight balance.

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

Forecast: From a comprehensive point of view, the downstream polyester demand side is not performing well, the downstream purchase will not be strong, the recent port inventory continues to accumulate, and there are more unstable macro factors, the short-term domestic ethylene glycol market is expected to maintain a weak oscillation pattern.