Price trend

According to the monitoring data of SunSirs, as of September 5, 2022, the domestic market price of diethylene glycol was 5,016 RMB/ton, compared with August 28, 2022 (the reference price of diethylene glycol was 4,866 RMB/ton), the price increased 150 yuan / ton, an increase of 3.08%.

Analysis review

It can be seen from the data monitoring of SunSirs that in the first week of September (8.29-9.5), the overall market for diethylene glycol rose steadily. At the beginning of the week, the volume of goods in the diethylene glycol storage area was low, the confidence of the industry was boosted, and the overall market conditions rose steadily. In the middle of the week, the diethylene glycol market feedback was general, the momentum for the continued rise of the diethylene glycol market was general, and the market remained stable. During the weekend, the overall market price of diethylene glycol rose steadily again, the downstream demand was slightly boosted, and the market center of gravity rose steadily. As of September 5, the market price of diethylene glycol was around 4,900-5,300 RMB/ton. The trading atmosphere of the diethylene glycol market was acceptable, the industry players were positive, and the downstream was mainly based on rigid demand.

Market outlook

At present, the overall diethylene glycol market is stable and strong, among which the rise in southern China is more obvious, and downstream demand give the market a certain support. The diethylene glycol data engineer of SunSirs believes that in the short term, the diethylene glycol market will be stable with small fluctuations, and the range adjustment will be the main operation.

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