[comment]chemical domestic ethylene glycol prices in January 20th finishing a narrow range, East China glycol distribution price 4550 yuan / tons; Southern China market price of 4680 yuan / ton; market price of 5000 yuan / ton in North china. The trading floor is mild.

The industrial chain: the United States WTI Tuesday (January 19th) February crude oil futures fell $0.96 to $28.46 / barrel. Brent crude oil futures 3 Tuesday rose $0.21 to close at 28.76 U.S. dollars / barrel. Iran city to the lifting of sanctions oil news weighed on oil prices, crude oil continued to weaken the chemical market platform is still a drag on cost down, ethylene glycol market lost some support to . See from the downstream consumption, due to the downstream plant before the Spring Festival holiday, polyester enterprises operating rate declined significantly, the demand side is expected to significantly weaken.

Market forecast

The current crude oil prices and weak external atmosphere gradually dropping, the overall economic downturn. Ethylene glycol downstream products consumption is slow, the overall demand is limited, the formation of ethylene glycol resistance on the uplink. The user buying market, the overall turnover is acceptable, but the long and short press market probably shock limited space. Is expected in the short term glycol sideways.