Diethylene Glycol Market Weekly Outlook

I. Key Focus Points

1. Market attention is on the potential escalation of the US-Iran conflict, with continued risk of Houthi attacks on Saudi energy facilities, leading to rising international crude oil prices.
2. This week, the average operating rate of domestic unsaturated resin plants was 34.5%, a decrease of 0.5% from the previous period.
3. On October 22, total shipments from two tank farms in Zhangjiagang amounted to 1,061 tons, a decrease of 20 tons compared to the previous day. As of now, inventory at Changjiang International and Fubao tank farms stands at 16,400 tons.

Core Logic: International crude oil prices remain high; sustained price increases in diethylene glycol (DEG) have slowed downstream follow-on purchasing; vessel cargoes are arriving for storage towards the end of the month.

II. Price List

Notes:

1. All product prices refer to national standard premium grade.
2. Crude oil prices are in USD/barrel; other three products are priced in RMB/ton.
3. All RMB prices listed above include tax and reflect cash-with-exchange rates.
4. Change rates represent period-over-period fluctuations.

III. Market Outlook

According to Chempricehub news report dated October 26: Following rapid price increases last week, DEG has reached its short-term peak, limiting transaction activity. However, as downstream demand remains active this week and there is a probability of short squeeze pressure towards the end of the month, the market may continue to trade firmly.

Basic Data Form for Diethylene Glycol (DEG)

Legend:

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