January 9th News: On January 9th, Sinopec East China raised its diethylene glycol (DEG) quotations. Shanghai Petrochemical increased by 140 yuan/ton to 3,170 yuan/ton, with its No. 2 unit operating at a low rate. Yangzi Petrochemical raised by 150 yuan/ton to 3,300 yuan/ton, also operating at a low rate. BASF-YPC increased by 150 yuan/ton to 3,300 yuan/ton, with its 340,000-ton/year unit running at approximately 40% capacity. Chempricehub's analysis of diethylene glycol, with a long-short score: 2. On January 9th, multiple Sinopec companies in East China raised DEG quotations. Shanghai Petrochemical, Yangzi Petrochemical, and BASF-YPC increased prices by 140-150 yuan/ton to 3,170-3,300 yuan/ton. Concurrently, unit operating rates were low (e.g., BASF-YPC's 340,000-ton/year unit operated at only 40%), indicating tight supply in the spot market and strong demand. Supply constraints directly drove up spot prices, with optimistic market sentiment, representing a significant positive factor.
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