1、 Price trend

(Figure: p-value curve of diethylene glycol product)

According to the business news agency, on June 18, the average p value of diethylene glycol market price was 6266.67 yuan / ton, down 277 yuan / ton from last Friday, down 4.23%.

On Tuesday, the price of glycol dropped slightly. Sinopec’s ex factory quotation in East China was reduced by 350 yuan / ton, and Sinopec’s ex factory quotation in South China was reduced by 150 yuan / ton.

2、 Analysis of influencing factors

As of June 15, the total inventory of diethylene glycol in the main ports of East China was 1886 tons, an increase of 506 tons or 36.67% over last Monday. With the recent increase in the narrow range of terminal arrival, the terminal inventory has picked up slightly. In the near future, new domestic plants are about to start up, and the tight domestic inventory has been eased. Although there is an export plan of 8000 tons this month, it has little impact on the overall supply side.

3、 Analysis and forecast

At present, in the off-season of demand, the terminal demand is weak. The operation rate of the downstream unsaturated polyester resin industry continues to slow down due to the seasonal influence, and the downstream purchasers are still in a state of sluggish in the off-season. The production of new domestic units will make up for the shortage of supply caused by export orders, and the overall change of the supply side is small. It is expected that the short-term diethylene glycol market will continue to be weak and volatile.