Diethylene Glycol Market: Weekly Outlook

I. Key Focus Areas

1. The ongoing conflict between the Houthis and Saudi Arabia, combined with the Russia-Ukraine war, continues to elevate supply risks, driving up international crude oil prices.
2. This week, the average operating rate of domestic unsaturated polyester resin (UPR) plants was 35%, an increase of 7 percentage points from the previous period.
3. On October 15, total shipments from two storage areas in Zhangjiagang amounted to 976 tons, a decrease of 127 tons compared to the previous day. As of now, the combined inventory at Changjiang International and Fubao storage facilities stands at 19,700 tons.

Core Logic: Sustained rises in international crude oil prices and increased downstream demand are driving diethylene glycol (DEG) to trade firmly.

II. Price Table

Notes:

1. All product prices refer to national standard premium grade.
2. Crude oil prices are in USD/barrel; other products are in CNY/ton.
3. All CNY prices listed above include VAT and are cash-in-advance quotes.
4. Change rates represent period-over-period fluctuations.

III. Market Outlook

According to Chempricehub news on October 19: Although port inventories have risen, spot market availability remains tight. Coupled with currently increasing downstream demand, DEG is expected to trend upward in the short term. Medium-term performance will depend on the sustainability of downstream demand.

Diethylene Glycol (DEG) Fundamental Data

Legend:

1. ↓↑ indicates significant volatility (fluctuations exceeding 3%).
2. ↗↘ indicates narrow-range volatility (fluctuations within 0–3%).