Diethylene Glycol (DEG) Market Weekly Outlook

I. Key Points

1. Both the U.S. and Iran have indicated that negotiations are ongoing, easing market concerns; however, hurricanes continue to suppress U.S. crude oil production, driving international oil prices higher.
2. The average operating rate of domestic unsaturated resin plants this week was 28%, a decrease of 5% from the previous period.
3. On October 9, total shipments from two storage zones in Zhangjiagang amounted to 495 tons, an increase of 67 tons compared to the previous day. As of now, inventory levels at Changjiang International and Fubao storage facilities stand at 0.74 million tons.

Core Logic: International oil prices have returned to an upward trend. A large volume of vessel cargo is expected to arrive at major ports around mid-month, while downstream demand is gradually increasing.

II. Price Table

Notes:

1. All product prices refer to national standard premium grade products.
2. Crude oil prices are in USD/barrel; the other three commodities are priced in RMB (Yuan/ton).
3. RMB prices listed above are cash tax-inclusive spot prices.
4. Change rates represent period-over-period fluctuations.

III. Market Outlook

According to Chempricehub on October 12: Diethylene glycol (DEG) has entered a relatively rational price range. Current price levels have significantly alleviated cost pressures for downstream users, with some downstream factories showing strong purchasing intent. Concentrated arrivals at mid-month will offset the increase in demand, thereby reducing market pressure.

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