Ethyleneglycol's overall operational sentiment is expected to be poor in the short term.

On May 3rd, the domestic ethylene glycol market experienced a period of stabilization. In the East China region, the spot price for ethylene glycol was around 5,200-5,250 yuan/ton; in the South China region, the reference market price was approximately 5,350 yuan/ton; and in the North China region, prices were around 5,600 yuan/ton.

The trading atmosphere remains lackluster, with the overall market's center of gravity holding steady, and downstream production and sales maintaining stability.

Crude oil prices have generally continued to rise recently, with ethylene glycol cost support still in place. However, as some ethylene glycol plants resume operations and increase production rates, traders in the market expect an increase in supply for May. Additionally, downstream polyester demand remains weak, exerting downward pressure on prices.

Ethylene Glycol is expected to experience震荡整理 in the short term; closely monitor the trend of crude oil.