1. Key Points

1. Intensifying conflict between Houthi forces and Saudi Arabia has heightened supply risks, while market assessments of increased Russian supply expectations have led to mixed movements in international crude oil prices.
2. The average operating rate of domestic unsaturated polyester resin (UPR) plants this week was 28%, a decrease of 5% from the previous period.
3. On October 12, total shipments from two tank farms in Zhangjiagang amounted to 1,148 tons. As of now, the combined inventory at Changjiang International and Fubao tank farms stands at 8,700 tons.

Core Logic: International crude oil prices have resumed an upward trend; mid-month vessel arrivals at major ports are concentrated with high volumes, while downstream demand is gradually increasing.

2. Price Table

Notes:

1. All product prices refer to National Standard Premium Grade products.
2. Crude oil prices are in USD/barrel; the other three varieties are quoted in RMB per ton.
3. All RMB prices listed above are ex-warehouse, tax-inclusive prices based on spot exchange rates.
4. Change rates represent period-over-period fluctuations.

3. Market Outlook

According to Chempricehub news reported on October 14: Middle Eastern cargoes are arriving and being discharged at ports, leading to a rapid increase in inventory at major ports. DEG is experiencing a temporary mismatch between supply and demand, causing the market to trade weakly within a narrow range in the short term. Future trends will depend on observing incremental demand and inventory drawdowns at major ports.

Legend:

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