Weekly Market Outlook for Diethylene Glycol (DEG)

I. Key Points

1. Communication channels between the U.S. and Iran remain open, combined with the possibility of further interest rate hikes by the Federal Reserve, leading to a decline in international crude oil prices.

2. The average operating rate of domestic unsaturated polyester resin (UPR) plants this week was 28%, down 5% from the previous period.

3. On September 29, total shipments from two tank farms in Zhangjiagang amounted to 468 tons, a decrease of 68 tons compared to the previous day. As of now, inventory levels at Changjiang International and Fubao tank farms stand at 0.02 million tons.

Core Logic: International crude oil prices continued to fall during the holiday period; market attention is focused on changes in main port inventories.

II. Price Table

Notes:

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

III. Market Outlook

According to Chempricehub news reported on October 8: The diethylene glycol (DEG) market remained largely closed during the holiday. Post-holiday, market participants are focusing on inventory levels and downstream demand changes. Most traders are awaiting shipment and inventory data, expecting minimal price fluctuations on the first trading day after the holiday.

Notes:

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