the recent crude oil firm, the downstream polyester operating rates remain high, and the production of ethylene glycol to form an effective support for good. But the glycol is expensive, and the supply and demand deposit and pessimistic expectations, businesses cautious chase.

In December 5th, ethylene glycol market focus sharply upward, the afternoon MEG price up to 6480 yuan / ton, the intention of concentrated shipment. The morning of ethylene glycol market by the impact of rising oil prices, the domestic ethylene glycol electronic trading opened higher volatility, the spot market price of Sinopec North China raised 300 yuan / ton, the spot market shocks, some continue to rise. East China glycol spot offer price set at 6400-6500 yuan / ton, ethylene glycol ethylene in Southern China to offer 6550 yuan / ton.

Sinopec marketing company Beijing branch of the ethylene glycol offer temporary stability, Yanshan petrochemical, Tianjin petrochemical ethylene glycol spot basically no foreign sales, mutual supply of Tianjin chemical fiber, the glycol spot prices temporarily stabilized 6600 yuan / ton. Sinopec East China sales company glycol spot prices stable, the current spot price of 6400 yuan / ton, under the Yangtze, Shanghai, Zhenhai, BASF are executed. Xinjiang Dushanzi petrochemical ethylene glycol unit operating stability, spot price stability, the implementation of 6600 yuan / ton, the products mainly supply the surrounding area. Maoming petrochemical ethylene glycol unit currently operating load is normal, price increase 150 yuan / ton, the current spot local implementation of 6450 yuan / ton.

The talks atmosphere is insufficient, the market volume is limited. At present, the domestic stock of ethylene glycol, polyester factory inquiry intent is expected in the short term, domestic ethylene glycol or the spot market will continue to shock strength mainly.