[chemical] Gade Chemical Network Finance recently ethylene glycol market continues to weaken. Yesterday, East China glycol distribution price 4250 yuan / ton; market price in Southern China 4450 yuan / ton; market price of 4500 yuan / ton in North china. The market stalemate consolidation.
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The United States WTI January crude oil futures fell $1.11, or 2.70%, at $39.97 / barrel. London, January Brent crude futures Brent crude oil futures prices, crude oil fell to $40 in , losing some support to ethylene glycol market. Although the price is strong but upstream of ethylene glycol on the cost of support is limited, the market overall lack of confidence. See from the downstream consumption, downstream factories in the short term is difficult to improve, many users on-demand procurement, without strong support of ethylene glycol prices rebound.
Overall, the glycol port inventory is still at a relatively high level. Downstream demand flat, slow consumption of products. Although the PTA boost intention but somewhat tired, the bearish
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sentiment strong. Late in glycol suppressed demand, or will continue to run low shock.