Weekly Market Outlook for Diethylene Glycol (DEG)

I. Key Points

1. Expectations for the repair of Saudi oil pipelines have improved, coupled with signs of easing tensions in the Middle East, leading to a decline in international crude oil prices.
2. The average operating rate of domestic unsaturated polyester resin (UPR) plants this week was 33%, an increase of 0.5 percentage points from the previous period.
3. Total shipments from two tank farms in Zhangjiagang amounted to 454 tons on September 18-19, averaging 227 tons per day. As of now, inventory at Changjiang International and Fubao tank farms stands at 3,200 tons.

Core Logic: Bulk commodity prices are following crude oil fluctuations; diethylene glycol is experiencing a one-way market trend; market participants are focusing on pre-holiday shipment activities.

II. Price Table

Notes:

1. All product prices refer to National Standard Premium Grade.
2. Crude oil prices are in USD/barrel; the other three products are priced in RMB, unit: RMB/ton.
3. All RMB prices listed above are ex-warehouse, spot cash, tax-inclusive prices.
4. Change rates represent period-over-period fluctuations.

III. Market Outlook

According to Chempricehub news dated September 21: The trend for diethylene glycol has largely solidified. With the holiday approaching, some market participants are monitoring downstream procurement activities. Downstream sectors are slowly adjusting to the persistent downward price movement but have not yet engaged in concentrated purchasing. The market may see stable trading within a certain range in the near term.

Legend:

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