Today, ethylene glycol is mainly subject to consolidation. Ethylene glycol is boosted by industry news, and the market mentality is supported. In the short term, the volatility is strong in some periods. The main contract of West China Electronic Trading, MEG1707, opened at 5,914 yuan in the morning, with a highest price of 5,976 yuan and a lowest price of 5,856 yuan. It currently closed at 5,888 yuan, an increase of 6 yuan or 0.10% from the previous trading day, and the number of transactions was 72,426.
As of the afternoon, the mainstream quotation in the ethylene glycol market in East China was 5880-5910 yuan/ton, and the quotation in the coal-to-ethylene glycol market in South China was around 5950-6000 yuan/ton. Oil prices are quoted at 6050-6100 yuan/ton. The electronic trading opened higher and then fell in the afternoon. There is a lack of substantial support from downstream demand in the near future. It is expected that the domestic ethylene glycol spot market will be strong and volatile tomorrow.
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