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Chempricehub Alert: Sinopec Zhanjiang Refining and Chemical Increases Diethylene Glycol (DEG) Quotation
Published on 2026-01-09
January 9th News: On January 9th, Sinopec Zhongke Petrochemical raised the quoted price of diethylene glycol (DEG). The latest ex-factory price for premium-grade products is 3,190 yuan per ton, with the 400,000-ton-per-year unit operating at 70% capacity. Chempricehub Analysis of Diethylene Glycol, Bull-Bear Score: 1 The spot price of diethylene glycol has been raised to 3,190 yuan per ton, indicating that production companies are optimistic about the market outlook, possibly reflecting tightening supply or strengthening demand. Although the unit operating at 70% capacity suggests suboptimal capacity utilization, the price increase directly benefits the spot market and may stimulate buyer enthusiasm, driving overall prices upward. Therefore, a generally positive score is assigned.