Ethylene glycol market shock finishing

After the National Day holiday, the domestic ethylene glycol market continued its strong upward trend. The price of cans in East China once rose to 9700 to 9800 yuan (ton price, the same below), and then stabilized due to continuous increase. On October 12, the ethylene glycol market in East China weakened and stabilized first. The offer prices and transaction prices in early trading fell to 9450 to 9500 yuan. As the broader market stabilized, the low-end offer recovered more, and the transaction price and negotiation price moved closer to 9500 yuan. In the upper position, the import market price fell to US$1260 (CFR China) and the actual negotiation was slightly lower than US$5 to US$10. The South China market returned to the consolidation structure. The quotation and sales of the cans were around RMB 10,100, and the buyers were more likely to wait and see the market.

Currently, the ethylene glycol market has rebounded steadily, but the recovery has declined. Taking into account the buying ability and the weakness of the external market, the market will continue to oscillate.