MEG:Short-term shock market

1) On Tuesday, ethylene glycol rebounded slightly. On the spot side, the basis difference is slightly weaker, and the current accumulation is expected to gradually cash in, it is expected that the late spot pressure of ethylene glycol will be greater than the futures, and the futures may appreciate the spot, which supports the basis difference counter-set, the monthly difference counter-set, and the unilateral high short selling operation. Reference EG2109 contract 4500 yuan support level.

 2) News: 1: Anhui a 300,000 tons / year of syngas MEG plant restarted today to feed, the load is still in the process of upgrading, the device previously stopped in early April for maintenance. 2: Anhui a 300,000 tons / year of syngas MEG plant restarted today to feed, the load is still in the process of upgrading, the device previously stopped in early April for maintenance. 3: April 26 to May 5, Zhangjiagang preliminary The planned arrival quantity is about 107,000 tons, the planned arrival quantity at Taicang terminal is about 73,000 tons, the planned arrival quantity at Ningbo is about 30,000 tons, and the planned arrival quantity at Shanghai is about 48,000 tons, and the total arrival quantity is expected to be around 258,000 tons.


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