Price trend
According to the monitoring data of SunSirs, as of August 11, 2022, the domestic market price of diethylene glycol was 5,110 RMB/ton, compared with August 7, 2022 (the reference price of diethylene glycol was 5,100 RMB/ton), the price increased 10 RMB/ton, an increase of 0.20%. Compared with July 1, 2022 (the reference price of diethylene glycol was 5333 RMB/ton), the price was reduced by 223 RMB/ton, a decrease of 4.19%.
Analysis review
It can be seen from the data monitoring of SunSirs that in the early stage of August, the domestic diethylene glycol market continued to be weak and consolidated. Entering this week, at the beginning of the week, the overall situation of the diethylene glycol market was weak, and the transactions were mostly negotiated with profit-cutting. Near the weekend of August 11, under the support of the strong rebound of international crude oil, the mentality of the diethylene glycol industry was boosted, and the offer prices of some companies were raised slightly, with an increase of around 30-50 RMB/ton. As of August 11, the market price of diethylene glycol was around 4,930-5,100 RMB/ton, and the high-end price was around 5,300-5,500 RMB/ton. At present, the trading atmosphere in the diethylene glycol market is relatively quiet, and the downstream mainly continues to purchase just in need.
Market outlook
At present, the overall trend of the diethylene glycol market is still in a stalemate. The Diethylene glycol data engineer of SunSirs believes that in the short term, the diethylene glycol market will mostly fluctuate within a narrow range. The specific situation needs to pay more attention to the international crude oil trend and inventory changes.
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