On October 27, Sinopec East China raised its diethylene glycol (DEG) price by RMB 300 per ton. Shanghai Petrochemical’s quote stood at RMB 7,800 per ton, with plant operating at low capacity utilization. Yangzi Petrochemical and BASF-YPC Company Ltd. recently executed prices of RMB 7,800 per ton. The BASF-YPC unit, with an annual capacity of 340,000 tons, is running at approximately 40% load, reflecting market participants’ weak outlook for the future.
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