Morning Market Update: Diethylene Glycol

I. Key Highlights

1. The stalemate in U.S.-Iran relations persists, keeping market concerns about supply risks alive and driving international crude oil prices higher.
2. This week, the average operating rate of domestic unsaturated polyester resin (UPR) plants stood at 33%, an increase of 0.5% from the previous period.
3. From September 24 to 27, total shipments from the two tank farms in Zhangjiagang amounted to 1,596 tons, averaging 399 tons per day during the holiday period. As of now, inventory levels at Changjiang International and Fubao terminals stand at 2,000 tons.

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

II. Price Table

Notes:

1. All product prices refer to National Standard Premium Grade.
2. Crude oil prices are in USD/barrel; the other three products are priced in CNY/ton.
3. All CNY prices listed above include tax for spot ex-tank delivery.
4. Change rates represent period-over-period variations.

III. Market Outlook

According to Chempricehub news reported on September 29: During the final two trading days before the holiday, market activity was limited with no frequent trading intentions, as sellers focused primarily on clearing inventory. Diethylene glycol (DEG) exited its high-premium phase, but downstream buyers maintained strong risk-averse sentiment, largely waiting for clarity on post-holiday cargo arrivals before making purchases. Today’s market continued to show weakness.

Legend:

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