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Chempricehub, October 12 Report:
On October 12, Sinopec East China reduced its diethylene glycol (DEG) quotes by RMB 150–200/ton. Shanghai Petrochemical lowered its price by RMB 150/ton to RMB 6,250/ton, with operating rates remaining at low levels. Yangzi Petrochemical and BASF-YPC Co., Ltd. both cut their prices by RMB 200/ton to RMB 6,300/ton. The BASF-YPC unit, with an annual capacity of 340,000 tons, is currently operating at approximately 40% load. Market participants hold a weak outlook for future trends.
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