On February 2, the total shipment volume of diethylene glycol (DEG) from the two storage areas in Zhangjiagang was 1,187 tons, a decrease of 315 tons compared to the previous day. As of now, the inventory at Vopak is 11,400 tons, and Changjiang International announces its inventory every Monday. PriceSeek's analysis of diethylene glycol shows a long-short score of -1. The article indicates that on February 2, the total shipment volume of DEG from the two storage areas in Zhangjiagang was 1,187 tons, a decrease of 315 tons (approximately 26.5%) from the previous day, suggesting a significant weakening in downstream demand. With Vopak's inventory at 11,400 tons, the ample supply may exacerbate the loose supply-demand balance in the market. This is expected to exert downward pressure on the spot price of DEG, with prices likely to remain under pressure in the short term, dominated by bearish factors.
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