Morning Market Alert for Diethylene Glycol

I. Key Focus Points

1. The Middle East and Russia-Ukraine situations remain unstable, but the US has exempted certain sanctions against Russia. Consequently, international crude oil prices have shown mixed trends.
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. From October 16 to 18, total shipments from two storage areas in Zhangjiagang amounted to 3,060 tons, with a weekend daily average of 1,020 tons. As of now, combined inventory at Changjiang International and Fubao terminals stands at 20,700 tons.

Core Logic: Sustained rises in international crude oil prices and continued restocking by downstream users have driven up diethylene glycol (DEG) market sentiment, leading to rapid transaction volumes.

II. Price Table

Notes:

1. Product prices refer to National Standard Premium Grade.
2. Crude oil is priced in USD/barrel; other three products are priced in CNY/ton.
3. All CNY prices listed above are ex-warehouse, tax-inclusive, spot cash settlement prices.
4. Change rate represents the period-over-period variation.

III. Market Outlook

According to Chempricehub on October 20: Downstream demand retains some short-term sustainability, resulting in fast market transactions currently. However, since DEG prices have already reached relatively high levels, the key question for the market is whether there is sufficient momentum for further increases.

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