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January 22Nd Market Morning Post: Glycol Spot Market Follows PTA Trend Rebound
Polyester production and sales were popular, coupled with the strong trend of PTA, yesterday (January 21, 2019) the ethylene glycol spot market followed the rebound, and the spot trading in East China was 5105 yuan / ton.
Recently, a good inventory of PET production and sales has been declining, and the PTA trend of related products is strong and multiple good for the market to form effective support, but a large number of imported resources to suppress the spot market, wharf is still in the inventory stage, it is expected that the short-term ethylene glycol rebound space is limited.
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