Short-term domestic ethylene glycol market is mainly weak oscillation

1, the United States summer travel peak is approaching, and OPEC + production cuts bring good support to continue, international oil prices rose.

2、East China main port inventory was 990,200 tons on May 22, an increase of 20,000 tons compared with the last statistical cycle.

3, glycol capacity utilisation rate maintained at 48.16%.

4, polyester integrated capacity utilization rate at 88.03%.

Market outlook: raw material coal continues to be sluggish, coal chemical trend is weak, the last trading day Zhangjiagang ethylene glycol spot closed down to 4,054 yuan / ton. Domestic supply and demand maintain a tight balance, the port pre-arrival is less, short-term storage is expected, but the raw material side performance is sluggish, cost support is weakened, and there are more unstable factors in the periphery, short-term domestic ethylene glycol market is mainly weak oscillation, is expected to East China spot price negotiation range in 4000-4200 yuan / ton.