Morning Market Update: Diethylene Glycol (DEG)

I. Key Points

1. The outlook for US-Iran relations remains uncertain, with the possibility of renewed conflict between the two sides still present. Supply risks have increased, leading to a rise in international crude oil prices.
2. This week, the average operating rate of domestic unsaturated polyester resin (UPR) plants was 34%, a decrease of 1% from the previous period.
3. On November 4, total shipments from two storage terminals in Zhangjiagang amounted to 541 tons, an increase of 7 tons compared to the previous day. As of now, inventory levels at Changjiang International and Fubao terminals stand at 11,000 tons.

Core Logic: International crude oil prices turned downward after reaching highs; diethylene glycol (DEG) transactions slowed down; one shipment arrived at the main port, but the resulting inventory buildup was limited.

II. Price List

Notes:

1. All product prices refer to National Standard Premium Grade.
2. Crude oil prices are in USD/barrel; the other three products are priced in RMB per ton.
3. All RMB prices listed above include taxes and reflect spot exchange rates.
4. The change rate represents the period-over-period percentage change.

III. Market Outlook

According to Chempricehub news on November 6: External instability factors are prominent, and the chemical market is closely monitoring these developments. Currently, diethylene glycol (DEG) exhibits a unidirectional trend. Neither bulls nor bears have taken decisive action; most market participants are awaiting forecasts for Middle Eastern shipments, while spot prices fluctuate within a fixed range.

Legend:

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