I. Key Focus Points

1. Multiple parties continue to push for de-escalation in the Middle East, alleviating concerns over supply risks and causing international oil prices to decline.
2. This week, the average operating rate of domestic unsaturated polyester resin (UPR) plants was 34.5%, a decrease of 0.5% from the previous period.
3. On October 26, total shipments from two tank farms in Zhangjiagang amounted to 885 tons. As of now, inventory at Changjiang International and Fubao tank farms stands at 10,900 tons.

Core Logic: International crude oil prices remain high. The continued rise in diethylene glycol (DEG) prices has led to a relative slowdown in downstream follow-up purchasing. Month-end vessel arrivals are being warehoused.

II. Price Table

Notes:

1. All product prices refer to national standard premium grade.
2. Crude oil prices are in USD/barrel; the other three products are priced in RMB (Yuan/ton).
3. All RMB prices listed above are ex-work, tax-inclusive cash prices.
4. The change rate represents the week-on-week percentage change.

III. Market Outlook

According to Chempricehub news on October 28: In terms of trading activity towards the end of the month, although DEG transaction volumes slowed slightly, this did not directly impact its bullish trend. The market still shows signs of testing higher levels, and most industry participants judge that a significant price drop is unlikely.

Legend:

1. ↓↑ indicates significant fluctuation, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates narrow-range fluctuation, highlighting data with changes within 0–3%.