Price trend

According to the monitoring data of SunSirs, as of October 20, 2022, the domestic market price of diethylene glycol was 5,600 RMB/ton, and compared with October 15, 2022 (the reference price of diethylene glycol was 5,500 RMB/ton), the price increased by 100 RMB/ton, or 1.82%.

Analysis review

It can be seen from the data monitoring of SunSirs that the diethylene glycol market was on the rise this week (10.15-10.20). In terms of supply, the supply side of diethylene glycol had low inventory, and the supply side was favorable to support the market gravity upward under less supply pressure.

In terms of demand, downstream procurement was mainly on demand, and demand performance was stable. Near the weekend, the decline of the crude oil market affected the mentality of the industry, and the diethylene glycol market slightly fallen back. As of October 20, the market price of diethylene glycol was around 5,500-57,00 RMB/ton.

Market outlook

As of the 20th, the trading atmosphere in the diethylene glycol market was general, and the downstream was less receptive to the current high price. In addition, the falling crude oil price gave loose support to the market. The Diethylene Glycol Datagrapher of SunSirs believes that in the short term, there will be a risk that the market of Diethylene Glycol will fall from a high price, and more attention should be paid to the information changes on the supply and demand side.

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