On December 15th, the total shipment volume of diethylene glycol from two storage facilities in Zhangjiagang was 1,258 tons, a reduction of 351 tons per day compared to the previous weekend. Up to now, Fubao's inventory stands at 0.9 thousand tons, with Chongqing International announcing its inventory every Monday. The PriceSeek analysis on diethylene glycol rates it as bullish with a multi-bagger rating of 1.5. The article indicates that the total shipment volume of diethylene glycol from two storage facilities in Zhangjiagang is 1,258 tons, a decrease of 351 tons per day compared to last Saturday. The supply side has significantly tightened; the low inventory level of Fubao's stock points to relatively strong demand or increased backlog purchases. These factors collectively enhance the expectation of an upward trend in spot prices for diethylene glycol, which is favorable for the market. The rating of +1.5 reflects strong positive sentiment because the reduced supply and low inventory levels are likely to exacerbate market tensions and support price short-term increases.
Comments
0