Weekly Outlook for the Diethylene Glycol (DEG) Market

I. Key Focus Points

1. The market is monitoring the risk of renewed conflict between the U.S. and Iran, while mediators continue to push for peace talks; consequently, international crude oil prices rose slightly.
2. This week, the average operating rate of domestic unsaturated resin plants was 34%, a decrease of 1% from the previous period.
3. On November 5, total shipments from two storage zones in Zhangjiagang amounted to 484 tons, a decrease of 57 tons compared to the previous day. As of now, inventory at Changjiang International and Fubao storage facilities stands at 15,500 tons.

Core Logic: International crude oil prices fell significantly; spot diethylene glycol (DEG) supply is tight due to reduced domestic output; although one batch of imported cargo entered main port inventories, the increase in overall stock levels remained limited.

II. Price List

Notes:

1. All product prices refer to National Standard Premium Grade.
2. Crude oil units are USD/barrel; the other three varieties are priced in RMB/ton.
3. All RMB prices listed above are ex-warehouse, tax-inclusive cash prices.
4. The change rate represents the period-over-period percentage change.

III. Market Outlook

According to Chempricehub on November 9: This week, bulk commodity markets followed fluctuations in international crude oil prices. While DEG serves as a reference, fundamental factors remain the core driver. Changes in domestic plant operations affect current supply conditions. Additionally, import spot volumes at main ports are moderate. Although downstream procurement pace has slowed, fundamentals still provide support, leading the market to trend slightly upward.

Legend:

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