On January 13, the total shipment volume of diethylene glycol (DEG) from the two storage areas in Zhangjiagang reached 1,576 tons, an increase of 278 tons compared to the previous day. As of now, the inventory at Vopak stands at 6,200 tons, with Changjiang International announcing its inventory every Monday.
PriceSeek Analysis on Diethylene Glycol:
Bull-Bear Score: -1
The article indicates that the total shipment volume of diethylene glycol from the two storage areas in Zhangjiagang increased by 278 tons compared to the previous day, reflecting a significant expansion in supply. Meanwhile, Vopak's inventory remains at 6,200 tons, indicating ample stock levels. This reinforces expectations of a loose supply in the market, potentially putting downward pressure on spot prices.
Considering the current supply-demand fundamentals, the increase in shipment volume is notable (though the base figure is not provided, the change is significant), but no significant inventory accumulation has been reported. Therefore, the analysis is rated as moderately bearish (-1), with an expected short-term decline in spot prices of 5–10 yuan per ton.
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