March 19th — On March 17th, the total shipment volume of diethylene glycol (DEG) from the two storage areas in Zhangjiagang reached 1,357 tons, an increase of 232 tons compared to the previous day. As of now, the inventory at Vopak stands at 17,100 tons, with Changjiang International announcing its inventory figures every Monday.

Chempricehub’s analysis of diethylene glycol indicates a bullish-bearish score of +1. Based on the article, the total shipment volume of DEG from the two storage areas in Zhangjiagang was 1,357 tons, an increase of 232 tons from the previous day, reflecting a significant rise. This suggests robust market demand or heightened shipment activity, which typically supports spot prices as supply-side pressure eases and consumption expectations strengthen. Vopak’s reported inventory of 17,100 tons, while lacking historical comparison data, does not indicate an oversupply when considered alongside the increase in shipment volume. Overall, favorable factors dominate the market. The score of +1 (slightly bullish) reflects the likelihood of short-term spot prices being supported and trending upward.