Morning Market Briefing for Diethylene Glycol (DEG)

I. Key Focus Points

1. Houthi attacks on Saudi energy facilities have heightened market concerns regarding supply risks, driving up international crude oil prices.
2. This week, the average operating rate of domestic unsaturated resin plants was 28%, a decrease of 5% compared to the previous period.
3. On October 13, total shipments from two storage zones in Zhangjiagang amounted to 840 tons, a decrease of 308 tons from the previous day. As of now, combined inventory at Changjiang International and Fubao terminals stands at 10,600 tons.

Core Logic: International crude oil prices have resumed their upward trend; vessel cargo is concentratedly entering main port warehouses; downstream demand is gradually increasing.

II. Price Table

Notes:

1. All product prices refer to National Standard Premium Grade.
2. Crude oil prices are in USD/barrel; other three varieties are in RMB, unit: yuan/ton.
3. All RMB prices in the table above are ex-warehouse, spot cash, tax-inclusive prices.
4. The change rate represents the period-over-period percentage change.

III. Market Outlook

According to Chempricehub news on October 15: Currently, diethylene glycol (DEG) has largely concluded its oversold rally. Actual transaction prices may first adjust within a range. Inventory levels at main ports are increasing; however, the market is paying more attention to changes in downstream demand recently. Today's market may see stable pricing with transactions occurring.

Legend:

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