April 21, 2024 — The diethylene glycol (DEG) market in East China experienced a volatile decline in the morning of April 21. As of now, spot/this week offers are quoted at 7,100 yuan/ton, while bids are at 7,000 yuan/ton. Bids for late April stand at 7,000 yuan/ton, and bids for early May are at 6,980 yuan/ton.

Chempricehub's analysis of diethylene glycol assigns a bearish score of -1. The report indicates that spot prices for DEG in East China have fluctuated downward, with spot/this week offers at 7,100 yuan/ton and buyer bids only at 7,000 yuan/ton. The significant price gap reflects strong buyer pressure and weak demand. The further decline in bids for late April at 7,000 yuan/ton and early May at 6,980 yuan/ton suggests a continued weakening market outlook, with increasing pressure from oversupply or insufficient demand. It is expected that spot prices will face downward pressure in the short term, with clear bearish signals.