Morning Market Update for Diethylene Glycol (DEG)

I. Key Points

1. Tightening geopolitical tensions in the Middle East continue to pose supply risks, while market sentiment regarding global demand remains pessimistic, resulting in mixed movements in international crude oil prices.
2. The average operating rate of domestic unsaturated polyester resin (UPR) plants this week was 35%, an increase of 7 percentage points from the previous period.
3. On October 14, total shipments from two storage zones in Zhangjiagang amounted to 1,103 tons, an increase of 263 tons compared to the previous day. As of now, combined inventory at Changjiang International and Fubao storage facilities stands at 20,700 tons.

Core Logic: International crude oil prices have resumed their upward trend; bulk cargo is being concentratedly warehoused at major ports, and downstream demand is gradually increasing.

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 chemical products are priced in RMB/ton.
3. All RMB prices listed above are cash-inclusive, VAT-inclusive ex-warehouse prices.
4. Change rates represent period-over-period fluctuations.

III. Market Outlook

According to Chempricehub news on October 16: Following the warehousing of large vessel cargoes, inventory levels are expected to decline steadily. Most downstream enterprises have procurement plans, which will lead to further increases in shipments from storage zones. For diethylene glycol, with stable supply and rising demand, some market participants are exhibiting a bullish sentiment.

Note:

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