1、 Price trend

According to the data of business agency, on July 29, the average p value of oil glycol was 4550 yuan / ton, an increase of 16.67 yuan / ton compared with the previous statistical cycle.

2、 Analysis of influencing factors

In terms of cost, the international crude oil market was affected by the mutual game between tight supply and the prospect of oil demand, and the crude oil price fluctuated in the range of $98-113 / ton in the month. The overall external price of ethylene glycol also fell first and then rose, falling from $560 / ton at the beginning of the month to $520 / ton, and then rebounded to the current $545 / ton.

The demand side continues to be depressed, and there is no obvious improvement trend at present. In the traditional off-season, the impact of the terminal on the ethylene glycol market is weakened, and ethylene glycol fluctuates with the crude oil market. The profit space has been compressed, making the comprehensive operating rate of ethylene glycol hover below the 50% line for a long time. Henan energy Yongcheng 2# and Anhui hongsifang will start maintenance at the end of July, and the operating rate of coal based MEG units may fall to around 40% in August. MEG port inventory was slightly removed from the warehouse. As of July 28, the total inventory of ethylene glycol in the main port of East China was 1.1678 million tons, an increase of 10500 tons over last Thursday, an increase of 0.91%, and an increase of 4900 tons over this Monday, an increase of 0.42%.

3、 Forecast: the terminal demand has not yet been released, and the upward space is limited, mainly fluctuating with the low level of crude oil.