Morning Market Insight: Diethylene Glycol (DEG)

I. Key Focus Points

1. Market concerns regarding the potential escalation of U.S.-Iran tensions and continued Houthi attacks on Saudi energy facilities have driven up international crude oil prices.
2. The average operating rate for domestic unsaturated polyester resin (UPR) plants this week was 34.5%, a decrease of 0.5 percentage points from the previous period.
3. On October 27, total shipment volume from two tank farms in Zhangjiagang reached 1,172 tons, an increase of 287 tons compared to the previous day. As of now, combined inventory at Changjiang International and Fubao tank farms stands at 9,800 tons.

Core Logic: International crude oil prices remain high; transaction momentum for diethylene glycol (DEG) slows at elevated levels; vessel arrivals and warehouse receipts are expected towards month-end.

II. Price Table

Notes:

1. All product prices refer to national standard premium-grade quality.
2. Crude oil prices are in USD/barrel. The other three products are priced in RMB (Yuan/ton).
3. All RMB prices listed above include VAT and reflect spot cash delivery terms.
4. Change rates represent week-over-week fluctuations.

III. Market Outlook

According to Chempricehub news dated October 29: Towards month-end, the center of gravity for the DEG market has shifted slightly downward, but trading activity has slowed. It is difficult for the market to break out of the current range during the final few trading days of the month, with narrow fluctuations within higher price ranges being the dominant trend.

Legend:

• ↓↑ indicates significant fluctuation, highlighting data dimensions with changes exceeding 3%.
• ↗↘ indicates narrow-range fluctuation, highlighting data with changes between 0% and 3%.