SunSirs: Diethylene Glycol Market Ran Up in a Narrow Range after the Dragon Boat Festival
June 10 2022 15:18:28 SunSirs (John)Price trend
According to the monitoring data of SunSirs, as of June 9, 2022, the domestic market price of diethylene glycol was 5,153 RMB/ton, which was raised by 57 RMB/ton compared to the price on June 1, 2022 (the average price of diethylene glycol in the domestic market was 5,096 RMB/ton), or an increase of 1.11%.
Analysis review
It can be seen from the data monitoring of SunSirs that in June, after the Dragon Boat Festival, the overall diethylene glycol market showed a narrow range of upward movement. After the holiday, the trading volume of diethylene glycol was acceptable, the overall high operation of the international crude oil market gave the diethylene glycol market some support, and the price of the diethylene glycol market rose steadily and slightly. As of June 9, the price of diethylene glycol increased by around 40-80 RMB/ton, and the domestic market price was around 5,160-5,200 RMB/ton.
Compared with the previous period, the overall operating rate of the downstream of diethylene glycol had not changed much, and the purchase was mainly on demand. As of the 9th, the inventory of the two warehouses in Zhangjiagang was around 68,300 tons.
Market outlook
At present, the international oil price continues to be firm, which supports the diethylene glycol market. The downstream demand is generally average, and the trading atmosphere is mild. The data engineer of Diethylene Glycol of the SunSirs believes that in the short term, the market conditions of diethylene glycol may be mainly adjusted and operated, and more attention should be paid to the news changes on the cost side and demand side.
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