The latest p-value price of ethylene glycol on March 23 was 5166.67 yuan / ton, down 0.32% from the previous trading day and 5.77% year-on-year.

The ethylene glycol market is weak and declining today. Geopolitical conflicts continued, the high range of crude oil prices fluctuated, and the cost of ethylene glycol was significantly supported. In the afternoon, Meg’s outer plate was mainly subject to shock, and the ship cargo negotiation in recent months was estimated to be around 680 US dollars / ton. MEG imports from January to February were slightly higher than expected. At present, the port inventory remains high, and the upward space of ethylene glycol may be limited. As of March 21, the total ethylene glycol inventory in the main port of East China was 949500 tons, a decrease of 8100 tons compared with last Monday, a decrease of 0.85%, and a decrease of 6600 tons compared with last Thursday, a decrease of 0.69%. The downstream textile demand continues to be sluggish, and the production and sales of polyester are general. It is expected that the supply and demand situation will improve from April to May.

Forecast: lack of substantive benefits, bottom shock.