April 7th news: On April 7th, Sinopec East China increased its diethylene glycol (DEG) offer by 200 yuan/ton. Shanghai Petrochemical's price was set at 7,650 yuan/ton, with low operating rates; Yangzi Petrochemical and BASF-YPC executed prices at 7,700 yuan/ton, with BASF-YPC's 340,000 tons/year unit running at nearly 40% capacity. Chempricehub's analysis of diethylene glycol, with a long-short score of 1.5: Sinopec East China's DEG offer increased by 200 yuan/ton, indicating suppliers' optimism toward the market, primarily due to the low operating rates of the BASF-YPC unit (nearly 40%), which strengthens expectations of reduced supply. This will directly drive up the spot price of DEG, reflecting either demand-side support or rising cost pressures, benefiting the spot market.
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