May 8 News
On May 8, Fujian Gulei Petrochemical lowered its diethylene glycol (DEG) ex-plant pickup price by 250 yuan/ton to 7,050 yuan/ton, and its ex-warehouse pickup price in Dongguan, Guangdong to 7,150 yuan/ton.
Chempricehub Analysis:
Bullish/Bearish Score: -1
Fujian Gulei Petrochemical reduced its DEG offer by 250 yuan/ton on May 8, setting the ex-plant pickup price at 7,050 yuan/ton and the ex-warehouse pickup price in Dongguan at 7,150 yuan/ton. This price cut directly lowers the regional spot price benchmark for DEG, exerting a generally bearish impact on spot DEG prices. Short-term market sentiment has turned more bearish.