SunSirs: Weekly Report on Diethylene Glycol Market (4.15-4.21)
April 24 2023 13:21:07On April 24th, the benchmark price of diethylene glycol in SunSirs was 7766.67 RMB/ton, an increase of 7.03% compared to the beginning of this month (7256.67 RMB/ton).
As the May Day holiday approaches, there is a significant rebound in port shipments, mainly due to downstream pre holiday restocking demand. However, by the end of April, it is expected that the number of imported ships arriving at the port will be limited. From the current shipment volume, it is expected that the main port inventory will continue to decline in the future, combined with domestic device maintenance and load reduction, resulting in a significant reduction in market supply.
SunSirs's diethylene glycol analysts believe that in the short term, the support of diethylene glycol from the supply side will still be strong. At the same time, as downstream restocking activities continue, the overall market atmosphere will strengthen. With multiple positive support, the market may operate stronger. Specifically, it is necessary to pay more attention to the international crude oil trend and changes in market mentality.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-05-11 SunSirs: The Focus of the Domestic Diethylene Glycol Market Had Increased (May 6-10)
- 2024-05-08 SunSirs: In the First Quarter of 2024, China's Import Volume of Diethylene Glycol Decreased by 6.29%
- 2024-03-25 SunSirs: This Week, the Diethylene Glycol Market Saw a Narrow Consolidation (March 16-22)
- 2024-03-18 SunSirs: This Week, the Diethylene Glycerol Market Rose First and Then Fell, with Inventory Reaching a New High (March 9-15)
- 2024-03-12 SunSirs: This Week, the Diethylene Glycol Market First Rose and Then Fell with Narrow Fluctuations (March 2-8)
