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Published on 2026-11-03

I. Key Points

  1. Continued efforts by multiple parties to promote U.S.-Iran peace talks have eased market concerns over supply risks, leading to a decline in international crude oil prices.
  2. The average operating rate of domestic unsaturated polyester resin (UPR) plants this week was 35%, an increase of 0.5% from the previous period.
  3. Total shipments from two storage areas in Zhangjiagang from October 30 to November 1 amounted to 1,475 tons. As of now, inventory at Changjiang International and Fubao terminals stands at 10,200 tons.

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.

II. Price List

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:

  1. All product prices refer to national standard premium grade products.
  2. Crude oil prices are in USD/barrel; other three varieties are priced in RMB per ton.
  3. All RMB prices listed above are ex-warehouse, tax-inclusive cash prices.
  4. Change rates represent week-on-week percentage changes.

III. Market Outlook

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% ↗

Legend:

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

Comments

0
  • Elena Vasquez 2026-11-03 10:00
    With UPR capacity utilization barely at 35% and DEG feedstock costs softening, the margin squeeze is real. Despite easing crude oil prices, sluggish downstream demand keeps market momentum weak. I’m watching Zhangjiagan..
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