March 2 News — On March 2, the diethylene glycol (DEG) market in East China showed a moderately strong and fluctuating trend. Spot/current week offers were quoted at 3,320 yuan/ton, with bids at 3,310 yuan/ton. Late March offers were quoted at 3,350 yuan/ton, with bids at 3,330 yuan/ton. No offers or bids were reported for late April.
Chempricehub analysis of diethylene glycol, with a long-short score of 1.5, indicates that the East China DEG market experienced moderate strength and volatility on March 2. Spot/current week offers were at 3,320 yuan/ton, with bids at 3,310 yuan/ton, while late March offers were at 3,350 yuan/ton, with bids at 3,330 yuan/ton. The price trend shows a month-on-month increase, with narrow spreads reflecting active market trading and strong demand. This situation is favorable for spot prices, indicating high buyer enthusiasm and upward price pressure driven by tight supply or recovering demand. It is expected that spot prices may continue to rise slightly in the short term, but the fluctuating nature suggests that the upward momentum has not yet reached a significant positive level.