On October 22, Sinopec East China raised its diethylene glycol (DEG) offer price by RMB 350/ton. Shanghai Petrochemical reported a price of RMB 7,100/ton with low operating rates. Yangzi Petrochemical and BASF-YPC Company Ltd. both executed prices at RMB 7,100/ton. The BASF-YPC 340,000-ton/year DEG unit is currently operating at approximately 40% capacity, reflecting weak market expectations among producers regarding future trends.
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