In 2025, China's total diethylene glycol (DEG) imports reached 560,200 tons, a year-on-year increase of 28.13%. In the first quarter, maintenance at some facilities in the Middle East led to relatively low export volumes to China. The significant difference in import volumes between July and August was primarily influenced by weather conditions. The peak monthly import volume occurred in August, reaching 69,700 tons, while July recorded the lowest monthly import volume of the year at 28,600 tons. China's DEG imports are predominantly sourced from the Middle East, with Saudi Arabia consistently ranking as the top supplier. Kuwait, Taiwan (China), Iran, and Oman constitute the top five sources of imports.
PriceSeek's analysis of DEG assigns a bearish score of -1. The article indicates that total DEG imports in 2025 reached 560,200 tons, a 28.13% increase year-on-year, signaling a significant rise in supply. Maintenance at Middle Eastern facilities in the first quarter may have caused temporary supply tightness, but the peak import volume occurred in August (69,700 tons), while the low point was in July (28,600 tons), reflecting seasonal fluctuations and weather-related uncertainties. The concentration of import sources in the Middle East (e.g., Saudi Arabia) means supply stability depends on external factors. Overall, the increase in supply exerts downward pressure on spot prices, resulting in a mildly bearish rating (-1). While the surge in imports may suppress prices, seasonal maintenance and weather-related risks partially mitigate the extent of the decline.
Comments
0