Price trend

According to the monitoring data of SunSirs, as of July 26, 2022, the domestic market price of diethylene glycol was 5,300 RMB/ton, compared with July 19, 2022 (the reference price of diethylene glycol was 5,416 RMB/ton), the price was reduced 116 RMB/ton, a decrease of 2.15%.

Analysis review

It can be seen from the data monitoring of SunSirs that recently, the overall market price of diethylene glycol has fallen and is running downward. Last week (7.18-7.22), the overall domestic diethylene glycol market was mainly consolidated, the port inventory was normal, the mentality of the industry was stable, and the news on the market was relatively calm.

Entering this week, on July 25 at the beginning of the week, the focus of the diethylene glycol market fell, and the ups and downs of international crude oil affected the mentality of the industry. In addition, the volume of port arrivals has increased this week, the trading atmosphere in the market is weak, and the market price has tightened within a narrow range. As of July 26, the market price of diethylene glycol was around 5,200-5,300 RMB/ton, the low-end price was around 5,100 RMB/ton, and the high-end price was around 5,500 RMB/ton.

Market outlook

At present, the supply and demand of the diethylene glycol market is generally supported by the transmission of supply and demand, and the downstream demand is more cautious. The diethylene glycol data engineer of SunSirs believes that in the short term, the diethylene glycol market is mainly adjusted and operated within a narrow range, and more attention needs to be paid to the international crude oil trend and inventory changes.

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