According to the data of the bulk list of business cooperatives, as of December 29, 2022, the domestic market price of diethylene glycol was RMB 5713.33/ton, down 386.67/ton, or 6.34%, compared with December 1, 2022 (the reference price of diethylene glycol was RMB 6100/ton).

It can be seen from the data monitoring of the business community that since December (12.1-12.29), the domestic diethylene glycol price has declined from high to low, and the market is weak. This month, the market showed strong supply and weak demand. Under the weak demand expectation, the overall market mentality was not good. In addition, the early price rose to a high level in the year, and the market center of gravity fell from a high level. The international crude oil stopped falling and rebounded, and the cost support was fair. In Jiangsu, the arrival of goods at the port is concentrated, and the inventory has increased (as of December 19, the inventory of East China Port was 25800 tons, up 3800 tons, or 17.27%, compared with 22000 tons on November 28). The domestic new units have increased production, and the Maoming First Unit has restarted. The production supply has increased slightly, and the supply shortage has eased. Downstream UPR started at a low level, and the polyester industry started to decline, leading to weak demand expectations, general market transactions, increasing wait-and-see sentiment, and the delivery of goods in the reservoir area fell back. Under the influence of multiple factors, the market sentiment has changed from strong to weak, the focus of market negotiation has kept falling, the price has declined broadly, the mentality of the industry has become cautious, the pace of market trading and investment has slowed down, and most of the goods are shipped along with the line. As of December 29, the market price of diethylene glycol was around 5400-5500 yuan/ton. The atmosphere of on-site trading and investment was general, and the actual orders were mainly negotiated according to the quantity. On December 28, the shipment volume of the Yangtze River Reservoir Area was 722 tons.

In the future, in terms of supply, foreign equipment maintenance and subsequent import to the port are limited, so there is a tight supply expectation; In terms of demand, due to the widespread spread of the epidemic, downstream manufacturers started to decline and purchased on demand, which is also reflected in the recent number of shipments from the terminal, and the overall demand is expected to be weak. Diethylene glycol analysts from the business community believe that the market lacks clear information guidance in the near future, and the market is in a strong wait-and-see mood, so it may be difficult for prices to fluctuate significantly. The short-term domestic diethylene glycol market maintains a range shock trend. Continue to pay attention to inventory and demand follow-up.