April 15th — On April 15th, Fujian Gulei Petrochemical reduced its diethylene glycol (DEG) offer by 250 yuan/ton. The ex-factory pickup price at Gulei is 7,700 yuan/ton, while the pickup price for Gulei Dongguan is 7,800 yuan/ton. Chempricehub's analysis of diethylene glycol indicates a bearish sentiment with a score of -1. The price reduction of 250 yuan/ton to the range of 7,700–7,800 yuan/ton suggests that producers are proactively lowering prices in response to weak demand or oversupply pressures, exerting a significant bearish impact on spot prices. Current market signals indicate insufficient downstream purchasing willingness, which may lead to further downward pressure on spot prices in the short term.
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