January 13th News
On January 12th, the total shipment of diethylene glycol (DEG) from the two storage areas in Zhangjiagang reached 1,298 tons, an increase of 41 tons compared to the previous day. As of now, the inventory at Vopak stands at 6,800 tons. Changjiang International announces its inventory every Monday.
Chempricehub Analysis on Diethylene Glycol (DEG)
Bull-Bear Score: 1
The article indicates that the shipment volume of diethylene glycol (DEG) from the Zhangjiagang storage area increased by 41 tons to 1,298 tons compared to the previous day, suggesting a potential strengthening of downstream demand, which is favorable for spot prices. The inventory at Vopak is 6,800 tons, indicating a moderate inventory level with no significant oversupply pressure. Overall, these factors generally support a positive impact on the spot price of diethylene glycol (DEG).
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