MEG: Short-term oscillating market

1)On Wednesday, ethylene glycol rebounded slightly. On the spot side, the basis difference is slightly weaker, 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, the futures may appreciate the spot, support the basis difference anti-set, the monthly difference anti-set, 09 contract unilateral due to the satellite device short stop and rally, short-term disturbance is not enough to fear, the night satellite has restarted, unilateral high short selling operation. Reference EG2109 contract 4500 yuan support level.


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