January 14th News
On January 13th, the total shipment volume of diethylene glycol 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.
Chempricehub Analysis of 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 on the supply side. Meanwhile, Vopak's inventory remains at 6,200 tons, indicating sufficient stock levels. This reinforces expectations of a loose market supply, which may exert downward pressure on spot prices.
Considering the current supply-demand fundamentals, the shipment volume has increased significantly (though the base figure is not provided, the change proportion is notable), while no significant inventory accumulation has been reported. Therefore, it is rated as generally bearish (-1), with an expected short-term spot price decline of 5–10 yuan per ton.
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