[chemical] Gade Chemical Network Finance recently two glycol market overall are not too optimistic. Because before two glycol rebound rebound after the setback. Last week the second glycol market wait-and-see, relatively stable. The week crude oil continued to fall, two DEG the market to wait and see, the atmosphere is cold. The downstream and poor performance, difficult to boost two DEG, so down again. Near the weekend, holding stock most stable price is relatively stable market wait-and-see.
In October 26th two glycol commodity index was 48.71, unchanged from yesterday, is the highest point in the 115.40 cycle (2014-06-17) fell 57.79% compared with October 12, 2015, the lowest point of 48.06 rose 1.35%.
Two glycol unsaturated resin mainly downstream domestic market turnover in the doldrums, the price is more stalemate. Factory shipments, the production of negative, wait-and-see atmosphere, bearish market outlook.
Overall, recently two glycol market vulnerable to stabilize, slight concussion. The price support, holding cargo shipments stable, low prices have decreased, but the downstream mainly just need limited price rebound. It is two DEG or the operation of the main market remain low, the upper and lower shock.
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In October 28th, part of the enterprise or area two glycol market prices are as follows:
Decline in Southern China market weak, trading atmosphere wait-and-see, less price, 4100 yuan / ton in the tank, the factory inquiry intent is not high, cautious trading intention.
Crude oil rose two, glycol electronic disk rebound. But still hard to change the weak, selling price and talks about 3850-3950 yuan / ton.
North China sales company Sinopec Yanshan petrochemical and Sinopec Tianjin price stability, were performed in 4100 yuan / ton, manufacturers inventory to maintain normal goods, go flat.
Sinopec Sales Company of Shanghai petrochemical, Yangzi Petrochemical two glycol price stability, in 4000 yuan / ton, the normal sales.
The normal ethylene glycol plant in Jilin petrochemical 109000 tons / year, the implementation of 4400 yuan / ton price. For each part of the export oriented manufacturers.
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