Comments on domestic market of diethylene glycol o

2022-06-16
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Diethylene glycol: Comments on the domestic market on August 30

on Wednesday, the diethylene glycol market in East China continued to decline. The continuous decline in energy prices exacerbated the bearish atmosphere in the market. The quotation in Zhangjiagang market fell to 9400 yuan/ton. In the atmosphere of softening the overall market of crude oil and aromatics, the decline in the diethylene glycol market continued. Some businesses continued to reduce the selling price to 935 yuan/ton, but in Asia, the sales situation was difficult to be optimistic. The import market fell to USD/ton, and the negotiation atmosphere was poor. Styrene, a related product, fell to 12100 yuan/ton (from East China) According to the analysis of insiders, the trend of oil price and related products is not very optimistic. The external supply of goods is increasing, and the domestic inventory level is on the rise. Under the condition that the downstream demand has not improved significantly, the diethylene glycol market will continue to show a small low trend

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