Morning Market Brief for Diethylene Glycol (DEG)

I. Key Focus Areas

1. Reports indicate that the U.S. and Iran may resume negotiations, easing market concerns and causing international crude oil prices to fall.
2. This week, the average operating rate of domestic unsaturated polyester resin (UPR) plants was 33%, an increase of 0.5% from the previous period.
3. On September 20, total shipments from two tank farms in Zhangjiagang amounted to 194 tons. As of now, combined inventory at Changjiang International and Fubao tank farms stands at 3,100 tons.

Core Logic: Bulk commodity prices follow crude oil fluctuations; diethylene glycol (DEG) is experiencing a one-way downward trend; market participants are focusing on pre-holiday shipment activities.

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 yuan/ton.
3. All RMB prices listed above are ex-warehouse, cash-in-hand, tax-inclusive prices.
4. Change rates represent period-over-period variations.

III. Market Outlook

According to Chempricehub news dated September 22: Amidst the sustained downward trend, downstream buyers have not shown significant purchasing interest. The medium-to-long-term outlook for DEG remains weak. With the current broad decline, the bottom price level is tentatively estimated around 6,500 RMB/ton. Most market participants are adopting a wait-and-see approach, trading according to market conditions.

Legend:

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