On January 13, the diethylene glycol (DEG) market showed a firm consolidation in the morning session. As of now, spot offers are quoted at 3,280–3,290 yuan/ton, with bids at 3,270 yuan/ton. For late January delivery, offers are at 3,290 yuan/ton and bids at 3,280 yuan/ton. For late February delivery, offers are at 3,300 yuan/ton and bids at 3,280 yuan/ton. For late March delivery, offers are at 3,330 yuan/ton, with bids ranging from 3,300 to 3,310 yuan/ton.
PriceSeek analysis of diethylene glycol indicates a bullish-bearish score of +1. The report highlights that the DEG market is consolidating on a firm note, with spot offers at 3,280–3,290 yuan/ton and bids at 3,270 yuan/ton. The forward prices are rising month by month (e.g., late March offers at 3,330 yuan/ton and bids at 3,300–3,310 yuan/ton), and the gradual increase in bid prices reflects strong buyer demand and tight market supply and demand. This is favorable for spot prices, and it is expected that prices will remain stable with a slight upward trend in the short term, supporting market confidence. The score is +1.0 (moderately bullish), as the price trend is upward but not experiencing sharp fluctuations, indicating improved demand without reaching a significant breakthrough level.
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