April 21st News — On the morning of April 21st, dragged down by the downward pressure in the mainstream market, the diethylene glycol (DEG) market in Guangdong experienced a significant decline. As of now, spot market quotations are sporadically reported at 7,350–7,450 RMB/ton.

Chempricehub's analysis of diethylene glycol gives a long-short score of -1.5. The article indicates that the Guangdong DEG market has been dragged down by the downward pressure in the mainstream market, with spot quotations sharply falling to 7,350–7,450 RMB/ton, suggesting that oversupply or weak demand has led to a significant price drop. This reflects a pessimistic sentiment in the spot market, with increased downward pressure on prices in the short term, posing a generally significant bearish impact on long positions.

Considering the current market dynamics, this downward trend may persist. It is advisable to monitor supply and demand changes to mitigate risks.