On February 2, Jilin Petrochemical primarily used diethylene glycol (DEG) for internal consumption, with no quotation provided for premium-grade products within the plant area. The 159,000-ton/year unit mainly produced ethylene oxide (EO), with the load for ethylene glycol (EG)/DEG at around 10%. PriceSeek analyzed DEG, giving a bullish-bearish score of 1.5. The article indicated that Jilin Petrochemical's DEG unit operated at only 10% capacity, primarily producing EO, with DEG mainly used internally and no quotation for premium-grade products, suggesting a significant reduction in market supply. This could lead to tight spot supply and drive up prices. The score of 1.5 (moderate to significant bullish) reflects the high degree of supply constraints, though no changes in demand were mentioned. Bullish factors dominate, but attention should be paid to subsequent capacity adjustments.
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