[chemical]  Finance recently, the high price of domestic ethylene glycol finishing. Crude oil prices low, dragged down the market cost of chemical platform, ethylene glycol market lost some support. See from the downstream end of the downstream consumption, factory after parking the holiday, the fundamentals of light spot market to maintain qudan under weak performance, discuss.

NYMEX 3 month crude oil futures on Tuesday (January 26th) closed up $1.11, or 3.7%, to $31.45 a barrel, than the intraday high of $32.41 low of nearly $1. March Brent crude oil futures on Tuesday (1 26) closed up $1.30, or 4.26%, to $31.80 a barrel, opened down after a rebound to a maximum of $32.72. As traders speculation the main producing countries will increase production of crude oil, the global situation is expected to ease surplus of crude oil, crude oil futures rose above $30 on Tuesday.

Overall, glycol futures followed news of the impact of participation is relatively active. But the overall demand for downstream users is mediocre, product consumption is slow, the formation of ethylene glycol resistance on the uplink. At the present stage at user buying, but the long and short market probably limited space under the suppression of concussion. In the short term is expected to maintain the range of finishing of ethylene glycol.

Market dynamics of ethylene glycol in January 29th part of the enterprise or area:

Sinopec East China sales company glycol execution spot price 4700 yuan / ton, owned by Yangzi Petrochemical, Shanghai petrochemical, Yangzi BASF, Zhenhai Refinery are executed.

Fushun petrochemical ethylene glycol local execution spot price 4830 yuan / ton, the North China area price 4510 yuan / ton, East execution price 4390 yuan / ton.

Jilin petrochemical ethylene glycol local spot out 4830 yuan / ton, the North China area price 4510 yuan / ton, East China price 4390 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.

North China Petrochemical Ethylene Glycol price increase 100 yuan / ton, the spot price of 4900 yuan / ton implementation. 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 4600-4800 yuan / ton; the normal operation of ethylene glycol plant inventory normal, reasonable shipment.