Price trend
According to data from SunSirs’bulk list, this week, the market price of diethylene glycol continued to fall. On December 20, the average domestic market price of diethylene glycol was 5,466 RMB/ton, and on December 26, the average domestic market price of diethylene glycol was 5,110 RMB/ton. This week, the price of diethylene glycol fell by 6.52%.
Analysis review
This week, the price trend of diethylene glycol continued to fall. At present, the port inventory is still large, and the inventory is reduced compared with last week. The company still focuses on digesting inventory. It is recommended to pay attention to the dynamics of crude oil market in real time. The operating rate of UPR downstream of diethylene glycol is currently 36%, which is unchanged from last week. As of December 26, the domestic diethylene glycol market price in South China was 5,300-5,350 RMB/ton, and the domestic diethylene glycol market price in East China was 4,980-5,020 RMB/ton.Market outlook
At present, the inventory of diethylene glycol has decreased slightly, the downstream operating rate is stable, and buyers in the market are cautious. The diethylene glycol analyst of SunSirs believes that there is currently no good news in the market. It is expected that the price of diethylene glycol will continue to fall in the short term, mainly due to slight fluctuations.
