The market ended the pre-holiday period on a weak note, with traders awaiting developments after the holiday.

1. Daily Summary

① Qatar and other mediators continue to push for US-Iran peace talks, while Saudi crude oil supply has partially recovered, leading to a decline in international oil prices.

② East China closed at 6,165 RMB/ton (-210); South China closed at 6,190 RMB/ton (-155); CFR China closed at $737.5/ton (-15.5).

③ On September 29, total shipments from the two Zhangjiagang tank farms were 468 tons, a decrease of 68 tons compared to the previous day. As of now, the combined inventory at Changjiang International and Fubao terminals is 0.2 million tons.

Table 1: Domestic Diethylene Glycol (DEG) Price Summary (Unit: RMB/ton)

East China closed at 6,165 RMB/ton (-210); South China closed at 6,190 RMB/ton (-155); CFR China closed at $737.5/ton (-15.5). The DEG market trended further downward today. Opening around 6,300 RMB/ton in the morning, bids followed up at 6,200 RMB/ton. During the morning session, the main trading range was 6,200-6,250 RMB/ton. In the afternoon, the price dropped to a main range of 6,100-6,200 RMB/ton, breaking below 6,100 RMB/ton by close.

3. Shipment and Inventory Dynamics

On September 29, total shipments from the two Zhangjiagang tank farms were 468 tons, a decrease of 68 tons compared to the previous day. As of now, the combined inventory at Changjiang International and Fubao terminals is 0.2 million tons.

4. Market Sentiment

Table 2: Domestic DEG Upstream and Downstream Industry Sentiment Outlook (Updated on Mondays)

5. Price Forecast

For the final trading day before the holiday, DEG is expected to continue weak performance. Traders aim to stabilize prices to clear inventory before closing out for the break. The market largely awaits developments after post-holiday cargo arrivals, with participation primarily driven by rigid demand.

6. Related Products Status

Monoethylene Glycol (MEG) Market: On September 30, MEG in Zhangjiagang closed at 6,195 RMB/ton, down 305 RMB/ton; South China closed at 6,500 RMB/ton, down 150 RMB/ton; USD basis closed at $735/ton, unchanged.

7. Data Calendar

Table 3: Domestic DEG Data Overview (Unit: Million Tons)

Note:

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