March 24th News
On the morning of March 24th, the diethylene glycol (DEG) market in East China showed a strong upward trend. As of now, spot/this week's offers are at 5,970 yuan/ton, with bids at 5,950 yuan/ton. Offers for late March and April are at 6,000 yuan/ton, with bids at 5,950 yuan/ton.
Chempricehub Analysis on Diethylene Glycol:
Bull-Bear Score: 1
The article indicates that the diethylene glycol market in East China is operating strongly. Spot and this week's offers at 5,970 yuan/ton are higher than the bids at 5,950 yuan/ton. Offers for late March and April at 6,000 yuan/ton are also higher than the bids at 5,950 yuan/ton, reflecting strong seller pricing and positive market sentiment. Tight supply or increased demand is supporting spot prices for diethylene glycol, which is favorable for short-term price trends.
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