Prompt

I. Key Focus Points

1. The U.S.-Iran situation did not escalate ahead of the U.S. midterm elections, easing supply risk concerns and causing international crude oil prices to fall.
2. This week, the average operating rate of domestic unsaturated polyester resin (UPR) plants was 35%, an increase of 0.5% from the previous period.
3. On November 2, total shipments from two tank farms in Zhangjiagang amounted to 600 tons. As of now, combined inventories at Changjiang International and Fubao tank farms stand at 11,300 tons.

Core Logic: International crude oil prices remain elevated, trading in diethylene glycol (DEG) has slowed, and while a batch of ship cargo entered inventory at main ports, the overall inventory increase was limited.

II. Price List

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, spot delivery, VAT-inclusive prices.
4. Change rates represent period-over-period fluctuations.

III. Market Outlook

According to Chempricehub on November 4: At the beginning of the month, weakening international crude oil prices impacted the chemical market. Currently, the DEG market is primarily guided by fundamentals, with demand changes being the dominant factor. The overall market sentiment is bearish, though there are divergent views on the magnitude of potential declines. In the short term, price competition is likely to intensify around the 7,000 CNY/ton level.

Legend:

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