April 15th News: On April 15th, Hainan Refining and Chemical (Hainan Refining) reduced its diethylene glycol (DEG) quotation by 250 yuan/ton. The ex-works price at Hainan Refining is 7,650 yuan/ton, while the ex-works price at Dongguan is 7,680 yuan/ton. The 800,000-ton/year ethylene glycol (EG) unit is operating at 80% capacity. Chempricehub's analysis of DEG shows a bearish score of -1.5. Hainan Refining's reduction of the DEG quotation by 250 yuan/ton, lowering ex-works prices to 7,650 yuan/ton and 7,680 yuan/ton, coupled with the 800,000-ton/year EG unit running at 80% capacity, indicates increased supply-side pressure. This significant price reduction reflects a loose supply-demand balance in the spot market, with potentially weak demand, exerting notable downward pressure on DEG spot prices. The rating falls between moderately bearish and significantly bearish.