On November 10, Sinopec East China raised its diethylene glycol (DEG) price by RMB 250/ton. Shanghai Petrochemical is currently executing prices at RMB 7,250/ton with low operating rates. Yangzi Petrochemical and BASF-YPC are both executing prices at RMB 7,300/ton; the BASF-YPC unit, with an annual capacity of 340,000 tons, is operating at approximately 40% utilization. Market participants hold a bearish outlook on future market trends.
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