Morning Market Brief for Diethylene Glycol (DEG)

I. Key Focus Points

1. Continued instability in the Middle East, combined with hurricane-induced shutdowns of some offshore U.S. oil wells, has driven up international crude oil prices.
2. The average operating rate of domestic unsaturated polyester resin (UPR) plants this week was 28%, a decrease of 5 percentage points from the previous period.
3. Total shipments from the two Zhangjiagang storage terminals during September 30–October 7 amounted to 514 tons, averaging 64.25 tons per day during the holiday. As of now, inventory at the Changjiang International and Fubao terminals stands at 8,300 tons.

Core Logic: Inventory rose due to vessel arrivals; traders returned actively after the holiday, and downstream buyers gradually entered the market.

II. Price Table

Notes:

1. All product prices refer to national standard premium grade.
2. Crude oil prices are in USD/barrel; other products are priced in CNY/ton.
3. All CNY prices listed above are ex-warehouse, tax-inclusive, spot exchange rates.
4. Change rates represent period-over-period fluctuations.

III. Market Outlook

According to Chempricehub on October 9: Bulk commodities generally rallied after the holiday, with DEG following suit. Traders quickly returned to the market, resulting in relatively active trading. Currently, the market awaits further feedback from downstream sectors, while fundamentals enter a new phase of supply-demand rebalancing.

Legend:

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