[chemical] Finance recently, domestic ethylene glycol narrow price rise. Some manufacturers of domestic ethylene glycol plant shut down for maintenance, the market supply is tight, but the Spring Festival approaching, the overall turnover is weak. Outside the narrow price rise, up to 21 days outside the price at $561 / ton, up 1.08% weeks. Port stocks rose slightly, the total 676 thousand tons of East china.

The upstream of ethylene prices decline, the user on the spot purchase intention is not ethylene. The downstream polyester industry starts smoothly, some polyester factory limited production price, the market performance is relatively strong, but the long-term weak downstream demand difficult vibration, difficult to improve in the short term, the user more bearish outlook, only just need to cover.

Overall, the ethylene glycol mainstream inventory pressure eased, the overall operating load of downstream manufacturers maintained at about 6 into. Near the end of the year, the downstream terminal factory under economic pressure gauge after parking holiday, glycol consumption rate will slow further. Crude oil prices fell below 27 U.S. dollars / barrel, the lack of confidence, just need to maintain the downstream users purchasing. Ethylene glycol is expected in the short term market weakness consolidation.

Market dynamics of ethylene glycol in January 26th part of the enterprise or area:

At present, Fushun petrochemical ethylene glycol unit in normal operation, the annual production capacity of 60 thousand tons, take the goods properly.

Fushun petrochemical ethylene glycol local execution spot price 4680 yuan / ton, the North China area price 4360 yuan / ton, East execution price 4240 yuan / ton.

Jilin petrochemical ethylene glycol local spot out 4680 yuan / ton, the North China area price 4360 yuan / ton, East China price 4240 yuan / ton; reasonable inventory, delivery is acceptable.

Dushanzi petrochemical ethylene glycol plant annual production capacity of 60 thousand tons, the current stable operation, its products mainly supply the surrounding area, the spot price of 4850 yuan / ton implementation.

Sinopec North China glycol spot price implementation of 4600 yuan / ton. Yanshan petrochemical, Tianjin petrochemical equipment normal operation in the spot, no export, mutual supply of Tianjin chemical fiber.

Sinopec Southern China area of ethylene glycol execution spot price of 4500-4700 yuan / ton; the normal operation of ethylene glycol plant inventory normal, reasonable shipment.

Sinopec East China sales company of ethylene glycol price increase 100 yuan / ton, the spot price of the implementation of 4500 yuan / ton, owned by Yangzi Petrochemical, Shanghai petrochemical, Yangzi BASF, Zhenhai Refinery are executed.