On January 12, the total shipment volume 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.
PriceSeek analysis of diethylene glycol:
Bullish-Bearish Score: 1
The article indicates that the shipment volume of diethylene glycol 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, representing a moderate inventory level with no significant surplus pressure. Overall, these factors contribute to a generally positive impact on the spot price of diethylene glycol.
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