On December 15th, the total shipment volume of diethylene glycol in the Zhangjiagang two storage areas was 1,258 tons, a decrease of 351 tons from the daily average last weekend. As of now, Fubao's inventory is at 0.9 million tons, with Changjiang International announcing inventory every Monday. PriceSeek analyzes diethylene glycol, giving it a bullish rating of 1.5. The article shows that the total shipment volume of diethylene glycol in the Zhangjiagang two storage areas was 1,258 tons, a decrease of 351 tons from the daily average last weekend. The low inventory level of Fubao at 0.9 million tons indicates strong demand or increased back-up demand for restocking. These factors together strengthen the expectation for an upward trend in spot prices for diethylene glycol, which is positive for the market. The +1.5 rating reflects strong positive news because the reduction in supply and low inventory levels could exacerbate market tensions, supporting price short-term increases.
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