Short term domestic two glycol Limited Market Volatility

Recent domestic unsaturated resin finishing the main market steady light. The mainstream enterprise temporarily maintain wait-and-see posture, follow up the downturn, coupled with the overall inventory low, maintained order delivery, the average operating in the 3.7 resin into a horizontal load, compared with the previous year.

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The morning of December 29th, the Jiangsu area two glycol shocks move the center of gravity, the market demand is weak. The spot at 7250-7260 yuan / ton, delivery of 7230-7240 yuan / ton, about 7240-7250 yuan / ton, stock turnover 7240 yuan / ton. January futures delivery reported 7250 yuan / ton, 7230 yuan / ton, about 7230-7250 yuan / ton, January futures turnover of 7220 yuan / ton. In the normal operation of oil company, Fushun Petrochemical 60 thousand tons / year ethylene glycol unit prices stable, the current local implementation of 7900 yuan / ton factory. Southern China two glycol market shocks, this week the market strong push, middlemen and factory intervention carefully, some businesses offer no intention to market very price upward trend, discuss the market reference intention in the 7300-7350 yuan / ton or sent to a tank. The downstream plant load is not high, the market rational intervention.

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Two glycol market shot blocked the high shock pressure digestion, the East China market sporadic price 7240 yuan / ton near the delivery price level of partial, high cautious trading. At present, the focus of the market lies in the two approaches, part of the terminal factory will have a moderate margin, and related products of ethylene glycol also has boosted the trend is stronger.

The recent two DEG to maintain high shock pattern.

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