Morning Market Update: Diethylene Glycol (DEG)

I. Key Focus Points

1. The Democratic Party won the U.S. midterm elections, leading market expectations that tensions between the U.S. and Iran will ease. Concerns over supply risks have diminished, resulting in a decline in international crude oil prices.
2. This week, the average operating rate of domestic unsaturated polyester resin (UPR) plants was 35%, an increase of 0.5% from the previous period.
3. On November 3, total shipments from two storage areas in Zhangjiagang amounted to 534 tons, a decrease of 66 tons compared to the previous day. As of now, combined inventory at Changjiang International and Fubao terminals stands at 11,500 tons.

Core Logic: International crude oil prices have turned downward from high levels; trading activity for diethylene glycol (DEG) has slowed; one vessel shipment arrived at main ports, but the resulting inventory buildup was limited.

II. Price Table

III. Market Outlook

According to Chempricehub news on November 5: The decline in international crude oil prices has widened further, prompting caution in the chemical market regarding this risk. Currently, diethylene glycol (DEG) is still moving independently without a clear directional trend. Most participants are adopting a wait-and-see approach based on market conditions. Downstream procurement pace remains average, making it difficult to expect significant price fluctuations (either sharp rises or falls) in the short term.