April 1, News - On the morning of April 1, the diethylene glycol (DEG) market in East China showed a strong upward trend. As of now, spot/this week offers are at 7,620 RMB/ton, with bids at 7,600 RMB/ton; offers for late April and late May are at 7,650 RMB/ton, with no bids reported yet. Chempricehub's analysis of diethylene glycol indicates a bullish-bearish score of 1.5. The article highlights that the DEG market in East China is operating strongly, with spot offers at 7,620 RMB/ton and bids at 7,600 RMB/ton. Although the spread is narrow, the offers exceed the bids, indicating seller dominance. Offers for late April and late May have further risen to 7,650 RMB/ton, with no bid information available, reflecting strong market optimism, tightening supply, or heightened demand expectations, which are favorable for spot prices. Considering current market dynamics, prices are trending upward with strong short-term support.
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