SunSirs: Diethylene Glycol Prices Fell This Week (January 10-17)

　　According to the data of SunSirs’bulk list, this week, the market price of diethylene glycol continued to fall. On January 10, the average domestic market price of diethylene glycol was 4,984 RMB/ton, and on January 17, the average domestic market price of diethylene glycol was 4,950 RMB/ton. This week, the price of diethylene glycol fell 0.67%.

　　Analysis review

　　This week, the price trend of diethylene glycol continued to decline. At present, the port inventory is still relatively large, and the mainstream inventory is about 29,100 tons. Enterprises are still mainly to digest inventory.

　　This week, the international oil price rose first and then fell. It is recommended to pay attention to the dynamics of the crude oil market in real time.The operating rate of UPR downstream of diethylene glycol is currently around 32%, down from last week. As of January 17, the domestic market price in East China was 5030-5050 RMB/ton.

　　Market outlook

　　At present, the inventory of diethylene glycol is still relatively large, and the enthusiasm for stocking downstream is weakened near the Spring Festival and downstream mainly wait and see on the market. Diethylene glycol analysts of SunSirs believe that the current market pressure is relatively large, and it is expected that the price of diethylene glycol will continue to fall in the short term.