Morning Market Brief for Diethylene Glycol

I. Key Points

1. The market continues to assess the prospects for U.S.-Iran dialogue, with concerns over supply risks slightly easing and international crude oil prices declining.
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 19, the total shipment volume from two storage terminals in Zhangjiagang was 1,125 tons. As of now, the combined inventory at Changjiang International and Fubao terminals stands at 19,200 tons.

Core Logic: Sustained increases in international crude oil prices, coupled with continuous restocking by downstream sectors, have driven up diethylene glycol (DEG) market prices, leading to rapid transaction execution.

II. Price List

Notes:

1. All product prices refer to National Standard Grade A products.
2. Crude oil prices are in USD/barrel; other three products are priced in CNY per ton.
3. All CNY prices listed above include VAT and reflect cash-in-advance exchange rates.
4. Change rates represent period-over-period fluctuations.

III. Market Outlook

According to Chempricehub news on October 21: There were virtually no incoming cargoes at major ports this week. Downstream demand remains steady, and inventories have entered a downward trend. Market participants currently show strong confidence, and DEG prices still exhibit upward probing tendencies. The trajectory of this round depends largely on downstream acceptance levels.

Legend:

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