According to the data of business agency, on July 15, the average p value of oil glycol was 4516.67 yuan / ton, down 91.66 yuan / ton from the previous trading day, down 1.99% year-on-year.

In terms of inventory, as of July 14, the total inventory of ethylene glycol in the main ports of East China was 1.178 million tons, a decrease of 26800 tons, or 2.22%, compared with last Thursday, and a decrease of 3200 tons, or 0.27%, compared with this Monday.

On the upstream side, investors are concerned about the prospect of a substantial interest rate hike in the United States later this month, which will curb inflation and weaken crude oil demand. During the week, crude oil prices showed a downward trend as a whole, except for the technical rebound on Wednesday. The naphtha cracking ethylene plant continued to suffer losses, the producers’ enthusiasm for production was reduced, and they intended to limit production and protect prices. Ethylene was expected to bottom out. MEG external market fell back in the afternoon, and the negotiated price was around us $517 / ton. During the week, the operating rate of MEG unit rose slightly, and the port inventory was slightly removed from the warehouse, but the overall level remained high and fluctuated, and the process of removing the warehouse was slow. The production and sales of downstream polyester have not substantially improved, and it is difficult to be bullish on the demand side in the short term.

Prediction: weak operation.