Morning Market Update for Diethylene Glycol (DEG)

I. Key Focus Points

1. The outlook for U.S.-Iran relations remains uncertain, sustaining market concerns over supply risks and driving up international crude oil prices.
2. This week, the average operating rate of domestic unsaturated polyester resin (UPR) plants was 33%, a decrease of 1 percentage point from the previous period.
3. On November 11, total shipments from two tank farms in Zhangjiagang amounted to 971 tons, an increase of 426 tons compared to the previous day. As of now, combined inventory at Changjiang International and Fubao tank farms stands at 12,500 tons.

Core Logic: While international crude oil prices have trended downward recently, new vessel arrivals are limited and spot availability of diethylene glycol (DEG) is tight. Consequently, the probability of a significant market decline is low.

II. Price Table

III. Market Outlook

According to Chempricehub news dated November 13: Supply and demand for diethylene glycol (DEG) are both contracting, with movements in relatively consistent directions. This limits the scope for market adjustments. Currently, most traders are following market trends while waiting for new guidance, suggesting that short-term market conditions are unlikely to see significant changes.