Morning Market Outlook for Diethylene Glycol (DEG)

I. Key Focus Points

1. Iran has stated that it is not in a rush to initiate negotiations until relevant conditions are met, and the Strait of Hormuz remains temporarily closed, leading to a rise 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% compared to the previous period.
3. On September 22, total shipment volume from two storage areas in Zhangjiagang was 266 tons, a decrease of 22 tons from the previous day. As of now, inventory at Changjiang International and Fubao terminals stands at 2,400 tons.

Core Logic: Bulk commodities follow crude oil price fluctuations; diethylene glycol (DEG) exhibits a unidirectional market trend; market participants are focusing on pre-holiday shipment performance.

II. Price Table

Notes:

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

III. Market Outlook

According to Chempricehub news reported on September 24: The DEG market is fluctuating around 7,000 RMB/ton with intense buyer-seller bargaining. Participants are trading according to market trends. Under the fast-rise-fast-fall pattern, downstream adoption pace remains moderate. Refinery and terminal shipment volumes have not increased significantly. The market may continue to oscillate in the near term, with limited impact from crude oil and bulk commodity trends.

Legend:

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