Price trend
According to the monitoring data of SunSirs, as of November 11, 2022, the market price of diethylene glycol was 5,666.67 RMB/ton. Compared with November 7, 2022 (the reference price of diethylene glycol was 5,650 RMB/ton), the price increased by about 16 RMB/ton, or 0.30%.
Analysis review
It can be seen from the data monitoring of SunSirs that this week (11.7-11.11), 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 50-100 RMB/ton, while most other suppliers remained stable. As of the 11th, the arrival of imported ships was limited, the inventory continued to decline in a narrow range, and the port shipment situation was relatively stable, with the average daily shipment of about 1400 tons. Low level inventory gave strong support to the market and less supply pressure. However, under the continuous impact of the domestic epidemic, the logistics and transportation in some regions were blocked, the downstream construction remained low, and the overall demand was flat. There was no obvious change in supply and demand. The price trend of diethylene glycol was mainly volatile, and the market mentality was relatively mild. As of November 11, the market price of diethylene glycol was around 5,500-5,800 RMB/ton.
Market outlook
As of the 11th, the arrival of diethylene glycol cargoes was limited, the low level of inventory fluctuated, and the trading atmosphere in the market was light. After the downstream entered the off-season, the purchase and replenishment were rigorous. The diethylene glycol datagrapher of SunSirs believes that in the short term, the market of Diethylene Glycol will adjust and operate in a narrow range, and continue to pay attention to the changes in supply and demand information.
