January 13th News: On January 13th, the diethylene glycol market showed a firm and consolidating trend in the morning session. As of now, spot offers are quoted at 3280-3290, with bids at 3270; offers for late January are at 3290, with bids at 3280; offers for late February are at 3300, with bids at 3280; offers for late March are at 3330, with bids at 3300-3310. Chempricehub's analysis of diethylene glycol indicates a bullish-bearish score of +1. The report shows that the diethylene glycol market is firm and consolidating, with spot offers at 3280-3290 yuan/ton and bids at 3270 yuan/ton. Additionally, forward prices are rising month by month (e.g., offers for late March at 3330 yuan/ton and bids at 3300-3310 yuan/ton). The gradual increase in bid prices reflects strong buyer demand and tight market supply and demand. This is favorable for spot prices, and it is expected that prices will remain stable with a slight upward trend in the short term, supporting market confidence. The score is +1.0 (moderately bullish), as the price trend is upward but not highly volatile, reflecting improved demand without reaching a significant breakthrough level.
Comments
0