The latest p-value price of ethylene glycol on April 21 was 4975 yuan / ton, unchanged from the previous trading day. Year on year decrease of 4.02%.

The oil price of upstream crude oil rose on Thursday, the reduction of Libyan supply and the possible EU ban on Russian oil triggered market concerns. Domestic restrictions on manufacturing activities were slowly relaxed, and the demand outlook continued to affect the market. Brent crude oil is expected to remain in the range of $100 to $120, with stable cost support. The downstream polyester production and sales are still light as a whole, the polyester load is weak, and the demand side is not significantly good. The atmosphere of Meg’s external offer today is light, and the recent negotiation on shipping offer is estimated to be around us $650 / ton.

Forecast: wide range shock.