Diethylene Glycol (DEG) Market Weekly Outlook

I. Key Focus Points

1. Iran has proposed a seven-day plan to the United States to advance peace negotiations. If accepted by the U.S., this could lead to the full reopening of the Strait of Hormuz and a subsequent decline in international crude oil prices.
2. This week, the average operating rate for domestic unsaturated polyester resin (UPR) plants was 33%, an increase of 0.5% compared to the previous period.
3. On September 23, total shipment volume from two tank farms in Zhangjiagang reached 867 tons, an increase of 601 tons from the previous day. As of now, combined inventory at Changjiang International and Fubao tank farms stands at 3,600 tons.

Core Logic: Bulk commodity prices are following fluctuations in crude oil; Diethylene Glycol (DEG) is experiencing a one-way market trend. Market participants are closely monitoring pre-holiday shipping activities.

II. Price Table

Notes:

1. All product prices refer to national standard premium-grade quality.
2. Crude oil prices are in USD/barrel. The other three products are priced in RMB, with units in RMB/ton.
3. All RMB prices listed above are ex-warehouse, tax-inclusive cash prices.
4. Change rates represent period-over-period variations.

III. Market Outlook

According to Chempricehub news on September 28: DEG prices are consolidating around the 7,000 level. Real transaction offers range from 400 yuan higher to 300 yuan lower than quoted levels. Amidst rapid price swings, downstream follow-up momentum remains moderate. Shipment volumes from refinery terminals have not shown significant increases, with most traders operating based on prevailing market conditions.

Diethylene Glycol (DEG) Fundamental Data

Legend:

1. ↓↑ indicates significant volatility, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates narrow-range fluctuation, highlighting data with changes within the 0–3% range.