Morning Market Outlook for Diethylene Glycol

I. Key Points

1. The United States and Iran are scheduled to hold talks, with the market anticipating a easing of geopolitical tensions, leading to a decline in international crude oil prices.
2. This week, the average operating rate of domestic unsaturated polyester resin (UPR) plants was 33%, an increase of 0.5% from the previous period.
3. On September 21, total shipments from two tank farms in Zhangjiagang amounted to 288 tons, an increase of 94 tons compared to the previous day. As of now, the combined inventory at Yangtze International and Fubao tank farms stands at 2,700 tons.

Core Logic: Bulk commodity prices follow crude oil fluctuations; diethylene glycol (DEG) is experiencing a one-way trend; market participants are focusing on pre-holiday shipment volumes.

II. Price List

Notes:

1. All product prices refer to National Standard Grade A products.
2. Crude oil prices are in USD/barrel; the other three varieties are priced in CNY per ton.
3. All CNY prices listed above are ex-warehouse, tax-inclusive cash prices.
4. The change rate represents the period-over-period percentage change.

III. Market Outlook

According to Chempricehub news dated September 23: Currently, there is some divergence among market participants regarding future trends. Amidst rapid price fluctuations, downstream factories have been following the market pace moderately. It is difficult to determine a clear short-term direction for diethylene glycol (DEG), but the market remains sensitive to the 7,000 level.

Legend:

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