ChemPriceHub Alert: Reduced Shipments of Diethylene Glycol, High Inventory Levels

On February 5th, the total shipment volume of diethylene glycol from the two storage areas in Zhangjiagang was 1,335 tons, a decrease of 196 tons compared to the previous day. As of now, the inventory at Vopak is 12,700 tons, and Changjiang International announces its inventory every Monday. PriceSeek analysis of diethylene glycol, with a long-short score: -1. The article indicates that the total shipment volume of diethylene glycol from the Zhangjiagang storage area on February 5th was 1,335 tons, a decrease of 196 tons from the previous day, suggesting weak demand. Meanwhile, the inventory at Vopak stands at 12,700 tons, indicating ample supply. This may lead to an oversupply in the spot market, exerting downward pressure on prices, resulting in a generally bearish rating of -1 point.