The domestic diethylene glycol (DEG) market pulled back in the latest trading session, with spot prices closing at 3,220 RMB/ton.
As late January approaches, vessel arrivals are expected to concentrate, leading to a projected increase in main port inventories. Currently, the market fundamentals remain unchanged, with DEG prices locked in a range due to the lack of new market drivers. Downstream demand is also on a gradual decline, leaving the market awaiting further signals.
Weekly data shows port shipments fell 18.99% from 1,659 to 1,344, while Monday’s port inventory dropped 10.56% from 6.9 to 3.22, though inventory is forecast to rise in the coming week.