The ethylene glycol market is relatively volatile today. The negotiation atmosphere is relatively active, the transaction performance is acceptable, and the buying prices are mostly low. However, the overall focus of transactions has moved upward. After continuous declines, there has been a rebound today. However, the upward trend in prices is limited, and the fundamentals have not yet been favorable, which has limited the rise in prices. Most merchants on the market are cautious in their operations. The spot price at East China ports today was as high as 6,400 yuan/ton and as low as 6,250 yuan/ton.
Electronic disk dynamics:
Electronic trading analysis: Electronic trading opened higher in the morning and went up, the market fluctuated and consolidated at noon, and remained stable at the end of the day. Electronic trading prices rose slightly.
Ethylene glycol later forecast:
At present, merchants are cautious in their operations, and the fundamentals have not yet been favorable. However, downstream production and sales have improved. In the short term, it is expected that ethylene glycol may continue to fluctuate and consolidate.
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