January 12th News
On January 8th, the total shipment of diethylene glycol from the two storage areas in Zhangjiagang reached 1,879 tons, an increase of 161 tons compared to the previous day. As of now, the inventory at Vopak stands at 8,900 tons, with Changjiang International announcing its inventory every Monday.
Chempricehub's analysis of diethylene glycol shows a bullish-bearish score of 1. The data indicates that on January 8th, the shipment volume of diethylene glycol from the two storage areas in Zhangjiagang reached 1,879 tons, an increase of 161 tons compared to the previous day, representing a growth of approximately 10%. This suggests stronger downstream demand and accelerated shipments. The inventory at Vopak is 8,900 tons, showing no signs of oversupply pressure, indicating relative stability on the supply side. This situation is favorable for spot prices and may drive short-term price increases, as the signal of growing demand strengthens market optimism.
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