Price trend

According to the data of SunSirs, as of July 14, 2022, the domestic market price of diethylene glycol was 5,383 RMB/ton, compared with July 10, 2022 (the reference price of diethylene glycol was 5,516 RMB/ton), the price was down 133 RMB/ton, or 2.42%.

Analysis review

It can be seen from the data monitoring of SunSirs that this week, the domestic diethylene glycol market as a whole showed a downward trend. At the beginning of this week, the overall domestic diethylene glycol market was strong and stable, the port inventory was low, and the shipments were good, which supported the mentality of the industry. On the 13th, affected by the wide drop in international crude oil, the mentality of the industry was suppressed, the port shipments decreased, the inventory of diethylene glycol increased in a narrow range, and the market price of diethylene glycol fell by 200-300 RMB/ton. As of July 14, the market price of diethylene glycol was around 5,300-5,400 RMB/ton. The wait-and-see mood in the diethylene glycol market was heavier, and the trading atmosphere in the market was general.

As of the 14th, the inventory of diethylene glycol in the two reservoir areas of Zhangjiagang was about 50,000 tons. The shipment volume this week decreased as a whole compared with last week, and the downstream demand was more cautious.

Market outlook

The data engineer of Diethylene Glycol of SunSirs believes that in the short term, the diethylene glycol market will sorted out to be weak mainly, and more attention should be paid to the trend of international crude oil and changes in inventories.

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