April 15th News: On April 13th, the total shipment of diethylene glycol from the two storage areas in Zhangjiagang reached 963 tons, an increase of 38 tons compared to the previous day. As of now, the inventory at Vopak is 0.96 tons, and Changjiang International announces its inventory every Monday. Chempricehub's analysis of diethylene glycol indicates a bullish-bearish score of +2. The article highlights that the total shipment of diethylene glycol from the two storage areas in Zhangjiagang on April 13th was 963 tons, an increase of 38 tons from the previous day, indicating strong downstream demand and accelerated inventory depletion. Vopak's inventory stands at only 0.96 tons, reflecting an extremely low level and suggesting tight supply, which may be influenced by production or import restrictions. Considering both supply and demand factors, the combination of supply shortages and growing demand is expected to significantly drive up the spot price of diethylene glycol. Market sentiment is strongly bullish, leading to a highly favorable score of +2.
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