Short-term domestic ethylene glycol market is mainly weak and oscillating

1, the market awaits the results of the U.S. debt ceiling negotiations, and IEA and OPEC are releasing supply tightening expectations, international oil prices rose.

2, May 22 East China main port inventory of 990,200 tons, an increase of 20,000 tons compared with the last statistical cycle. 3, ethylene glycol capacity utilization rate maintained to 48.03% near.

4, polyester integrated capacity utilization rate at 88.15%.

Core logic: polyester end load is slowly rising, pre-arrival is on the high side, the port has continued to accumulate warehouse expectations; port inventory continues to accumulate overlapping commodity sentiment is low, the last trading day Zhangjiagang ethylene glycol spot closed down to 4086 yuan / ton. There are more domestic overhaul units, the supply shrinkage is obvious, and this week the pre-arrival port is less, the port has depot expectation, but there are more unstable factors in the periphery, the overall commodity sentiment is pessimistic, the short-term domestic ethylene glycol market is mainly weak and oscillating, it is expected that the spot price negotiation range in East China is 4000-4200 yuan/ton.