On January 8, the total shipment of diethylene glycol (DEG) 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.
PriceSeek's analysis of DEG indicates a bullish-bearish score of 1. The data shows that on January 8, the shipment volume of DEG from the two storage areas in Zhangjiagang reached 1,879 tons, an increase of 161 tons from the previous day, representing a growth of approximately 10%. This suggests stronger downstream demand and accelerated shipments. Vopak's inventory of 8,900 tons does not indicate excessive pressure, and the supply side remains relatively stable. This situation is favorable for spot prices and may drive short-term price increases, as the signal of rising demand strengthens market optimism.
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