On January 4th, Jilin Petrochemical primarily uses diethylene glycol (DEG) internally, with no quoted price for premium-grade products within the plant. The 159,000-ton/year facility mainly produces ethylene oxide (EO), with the load for ethylene glycol (EG) and DEG at approximately 10%. PriceSeek analysis of DEG, Bull-Bear Score: 1.5. Jilin Petrochemical primarily uses DEG internally, with no external pricing for premium-grade products and an operating load of only around 10%, indicating a significant reduction in market supply. This may lead to tight spot supply, which is favorable for an increase in spot prices. Scoring rationale: The supply-side contraction is evident, but it is not an industry-wide event, thus rated between moderate and significant positive. Ethylene Glycol, Bull-Bear Score: 1. Jilin Petrochemical's EG production load is as low as 10%, and the reduction in supply is favorable for spot prices. Combined with EG futures data, the main contract 2605 closed at 3,803 yuan/ton, with a settlement price of 3,828 yuan/ton, a change of -6. Although open interest is high, recent prices are under pressure. The fundamental supply reduction may support futures prices to stabilize, but short-term data is weak, resulting in an overall rating of moderate positive.
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