Price trend

According to the monitoring data of SunSirs, as of November 4, 2022, the market price of diethylene glycol was 5,600 RMB/ton, which was 100 RMB/ton higher than that of October 15, 2022 (5,500 RMB/ton), an increase of 1.82%,

Analysis review

It can be seen from the data monitoring of SunSirs that this week (10.31-11.4), the diethylene glycol market overall showed a small increase. During the week, some diethylene glycol suppliers slightly raised the ex warehouse price of diethylene glycol by 100 RMB/ton. Most of the other suppliers quoted steadily. At present, the supply side inventory of diethylene glycol is still tight and the supply pressure is low, which gives diethylene glycol some market support. However, affected by the macro environment, the trading atmosphere in the diethylene glycol market is tepid, the demand side is cautious, and the weak demand side has limited support for the diethylene glycol market. As of November 4, the market price of diethylene glycol was around 5,500-5,800 RMB/ton.

Market outlook

At present, the trading atmosphere in the diethylene glycol market is light, the downstream wait-and-see mood still exists, and the purchase and replenishment are cautious. The Diethylene Glycol Datagrapher of SunSirs believed that in the short term, the market of Diethylene Glycol would adjust and operate in a narrow range, and the specific trend needs to pay more attention to the information changes on the supply and demand side.

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