The latest p value price of ethylene glycol on December 7 is 4900 yuan / ton.

In terms of inventory, as of December 6, the total inventory of ethylene glycol in the main ports of East China was 621500 tons, an increase of 49800 tons, an increase of 8.71%, and 20600 tons, an increase of 3.43%, compared with last Thursday.

On December 6, the spot price of ethylene glycol in East China market was 4800 yuan / ton, down 35 yuan / ton compared with the previous trading day and 134.5 yuan / ton compared with last week.

International oil prices rose nearly 5% on Monday as concerns about Omicron’s new crown variant virus eased and some OPEC member States expressed confidence in the market. Downstream, the overall production and marketing of Jiangsu and Zhejiang polyester yesterday was weak, and the demand remained weak. Therefore, despite the strong cost side support, the overall decline of ethylene glycol continued. The weekly average gross profit of coal to ethylene glycol decreased by about 23%.

Forecast: the demand side is weak, and the weak market continues.