February 9th News
On February 5th, the total shipment 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 stands at 12,700 tons, with Changjiang International announcing its inventory every Monday.
Chempricehub Analysis of Diethylene Glycol
Bull-Bear Score: -1
The article indicates that on February 5th, the total shipment of diethylene glycol from the Zhangjiagang storage area was 1,335 tons, a decrease of 196 tons compared to the previous day, suggesting weak demand. Meanwhile, the inventory at Vopak has reached 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 score of -1.