According to the data of business agency, on June 17, the average p value of oil based ethylene glycol was 5191.67 yuan / ton, an increase of 31.67 yuan / ton compared with the previous statistical cycle.

In terms of inventory, as of June 16, the total inventory of ethylene glycol in the main ports of East China was 1178500 tons, an increase of 28700 tons, or 2.50%, compared with last Thursday, and an increase of 30400 tons, or 2.65%, compared with this Monday.

In terms of devices, the 400000 ton ethylene glycol unit of Xinhang energy currently has one line shut down and is expected to restart next Monday; The overhaul plan of Hubei sanning 600000 ton ethylene glycol plant originally scheduled for July has been postponed to August / September; The restart of Yangzi and Maoming Petrochemical units was delayed; Shanxi woneng 300000 ton plant was shut down on June 15, with a plan of about 20 days; Yangmei Shouyang 200000 ton unit is planned to be overhauled at the end of June.

Upstream, oil prices rose on Friday, supported by tight supply and new sanctions against Iran. However, as the major central banks raised interest rates and raised concerns about the sharp economic slowdown, market participants also shifted their attention from the impact of crude oil supply to the impact of the macro environment.

Due to the coming peak of coal consumption in summer, the shortage of resources drives the coal price up, the profit of coal based ethylene glycol enterprises drops, and the operating rate of manufacturers declines. However, from the perspective of the current ethylene glycol of about 5100 yuan / ton and ethylene oxide of 7350 yuan / ton, the economics of the two are similar, the significance of profit regulation is not obvious, and the market supply is wide. The recent negotiation price of ships and cargoes in the week is to maintain a narrow range around 640 dollars / ton.

The maintenance of downstream polyester plant increased, the operating rate within the week dropped slightly to around 83%, the polyester production and sales were still light, and the manufacturer’s inventory pressure remained.

Forecast: there is no substantial positive stimulus on the demand side in the near future, and the glycol is mainly subject to range fluctuation.