The latest p-value price of ethylene glycol on February 16 was 5258.33 yuan / ton.

In terms of inventory, as of February 14, the total inventory of ethylene glycol in the main ports of East China was 805000 tons, an increase of 52500 tons or 7.02% compared with last Monday, and an increase of 51000 tons or 0.64% compared with last Thursday.

In terms of units, a 600000 ton syngas MEG unit in Xinjiang has been shut down for a short time.

In the afternoon, Meg’s outer plate was weak, and the recent cargo negotiation was $670-675 / ton. On Wednesday morning, the oil price recovered some of the lost ground. Many prediction institutions expect the long-term crude oil to reach more than US $100 / barrel, with strong cost support. Downstream demand is still weak, and polyester production and sales fell today. At present, the cogeneration eg unit turns around, and the ethylene glycol operating rate decreases slightly, but EO / EG is in a state of loss, and the manufacturer’s production is under pressure.

Forecast: demand side drag, weak shock, but at the current cost, there will not be much downward space.