Core Logic: International crude oil prices remain high, diethylene glycol (DEG) trading has slowed, and while a batch of vessel cargo entered storage at main ports, the overall inventory increase was limited.
| Product | Region/Unit | Previous Price | Current Price | Change Rate |
|---|---|---|---|---|
| Crude Oil | WTI | USD/bbl | 104.12 | 96.46 |
| Brent | USD/bbl | 113.43 | 104.77 | |
| Styrene | Domestic East China | CNY/t | 11,360 | 11,410 |
| Ethylene Glycol | Domestic East China | CNY/t | 5,890 | 5,800 |
| Diethylene Glycol | Domestic East China | CNY/t | 7,575 | 7,045 |
Notes:
According to Chempricehub news reported on November 3: Downstream demand has already retreated compared to earlier periods. Stable supply combined with reduced demand is suppressing the market momentum for November. Diethylene glycol (DEG) faces potential downward movement, though there is some debate regarding the price floor. Short-term declines may fluctuate.
| Diethylene Glycol Basic Data | Previous Period | Current Period | Change Rate | Weekly Expectation |
|---|---|---|---|---|
| Port Inventory | 0.98 | 0.98 | 4.08% | ↑ |
| UPR Operating Rate | 34.5% | 35.0% | 1.45% | ↘ |
| Polyester Operating Rate | 72.70% | 73.58% | 1.21% | ↗ |
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