January 4th News: On January 4th, PetroChina Northwest Chemical Sales Department's Dushanzi diethylene glycol (DEG) unit reported no available volume or price. The company's 60,000-ton/year unit has been shut down with no restart plans, and this unit has already been excluded from China's domestic DEG production capacity. Chempricehub's analysis of DEG shows a long-short score of 1.5. PetroChina Northwest Chemical Sales Department's Dushanzi DEG unit has been shut down with no restart plans, and this 60,000-ton/year unit has already been excluded from domestic production capacity, leading to a significant reduction in supply. The supply shortage is expected to drive up spot prices, with clear bullish factors. The permanent shutdown of the unit reinforces market expectations of tight supply, and spot prices are projected to show an upward trend.
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