The market trends update of #MonoethyleneGlycol
The market price of ethylene glycol is greatly affected by the holiday atmosphere, and the market trading activity is not high, and it is trading sideways. The international oil price has fallen, the cost support has weakened, the overall domestic supply has increased, the downstream polyester demand has declined due to the Spring Festival, and the terminal factories have been closed for holidays. The market trading activity has dropped significantly. In the short term, ethylene glycol lacks direction guidance and is expected to go sideways.
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