Price trend

According to the monitoring data of SunSirs, as of December 2, 2022, the market price of diethylene glycol was 6,133.33 RMB/ton, which was about 83 RMB/ton higher than that of November 28, 2022 (6,050 RMB/ton), an increase of1.38%.

Analysis review

It can be seen from the data monitoring of SunSirs that this week (11.28-12.02), the diethylene glycol market was operating at a high level with shocks stronger. During the week, prices rose and fell. Some diethylene glycol suppliers raised the delivery price of diethylene glycol by 50-200 RMB/ton, while some suppliers adjusted the delivery price by 50-100 RMB/ton. At the beginning of the week, the diethylene glycol (DEG) quotation fell briefly due to the impact of the terminal shipment on the market mentality. However, the recent international crude oil futures had risen sharply, with strong support on the cost side. With the limited arrival of imported ships, the port inventory remained low and volatile, and the supply was expected to remain tight. In the second half of the week, the price of diethylene glycol rebounded. The supply and demand situation had not changed significantly. The diethylene glycol price trend was dominated by high shocks, and the market mentality was relatively mild. As of December 2, the market price of diethylene glycol was around 6,050-6,300 RMB/ton.

Market outlook

As of December 2, the arrival of diethylene glycol (DEG) was limited, and the low level of inventory fluctuated, but the downstream demand was unstable, and the terminal shipment still affected the market mentality. The diethylene glycol data engineer of SunSirs believed that in the short term, the diethylene glycol market would adjust in a narrow range. More attention should be paid to the terminal shipments and subsequent arrivals.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com