April 21 (Reuters) - This week (April 21-27), there are no scheduled vessel arrivals for diethylene glycol (DEG) in Zhangjiagang. Downstream performance has fallen short of expectations, and port inventories have dropped to low levels. Holders are reluctant to sell, leading to a potential decrease in shipments from the main port. Consequently, inventory levels at the main port in East China are expected to continue declining this week.
Chempricehub's analysis of DEG assigns a bullish-bearish score of 1. The report indicates that the absence of vessel arrivals in Zhangjiagang has reduced supply. While downstream demand remains below expectations, low port inventories and weak selling interest among holders are likely to result in lower shipments from the main port, further depleting stockpiles. These factors collectively contribute to supply tightness and inventory support, exerting upward pressure on spot prices for DEG. However, weak demand may limit the extent of price increases, resulting in a generally positive but moderate impact.
Comments
0