SunSirs: This Week, the Diethylene Glycol Market Moved Up as a Whole (June 27-July 1)
July 04 2022 09:13:28 SunSirs (John)Price trend
According to the data of SunSirs, as of July 1, 2022, the domestic market price of diethylene glycol was 5,333 RMB/ton, compared with the price on June 26, 2022 (the reference price of diethylene glycol was 5,200 RMB/ton), it was raised by 133 RMB/ton, or 2.56%.
Analysis review
It can be seen from the data monitoring of SunSirs that this week, the domestic diethylene glycol market showed an upward trend as a whole. This week, the delivery of diethylene glycol at the port was normal, and the on-site destocking performance was good. With the support of the supply side, the market price of diethylene glycol moved up steadily this week. As of this weekend (July 1), the domestic market price of diethylene glycol was around 5,300-5,470 RMB/ton, and the increase during the week was 2.5%.
At present, the unstable trend of international crude oil has brought some concerns to the market. Diethylene glycol industry players are cautious, and the wait-and-see mood in the market is heavier. The spot transaction is mainly negotiated, and the overall downstream follow-up performance is average.
Market outlook
At present, the stock of diethylene glycol in the two reservoir areas of Zhangjiagang is about 56,200 tons, and the supply side is still supported, but downstream demand is cautious. Under the game between supply and demand, the data engineer of Diethylene Glycol of SunSirs believes that in the short term, the diethylene glycol market will be mainly operated in a narrow range, and more attention should be paid to the trend of international crude oil and changes in inventories.
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