According to the data of the bulk list of business cooperatives, as of October 28, 2022, the domestic market price of diethylene glycol was 5600 yuan/ton. Compared with October 1, 2022 (the reference price of diethylene glycol was 5193 yuan/ton), the price increased by 307 yuan/ton, or 7.83%.

It can be seen from the data monitoring of the business community that the diethylene glycol market has been rising as a whole since October (10.1-10.28). In early October, after the National Day holiday, the diethylene glycol market ushered in a broad upward trend. There are two main factors supporting the rise of the market focus of diethylene glycol. In terms of cost, the high rise of raw material ethylene glycol after the festival gives diethylene glycol cost support. In terms of supply, the low volume of goods in the diethylene glycol warehouse area after the festival gave support to the diethylene glycol market due to the tight supply side. As of October 19, the market price of diethylene glycol was around 5550-5650 yuan/ton.

In the middle and late October, the downstream’s acceptance of high prices decreased, and the diethylene glycol market fell slightly, but the fundamentals were good and continued to support the market. From the 24th, the diethylene glycol market was strong and rising again. The diethylene glycol market price was around 5600-5800 yuan/ton. However, near the end of the month, the diethylene glycol market price fell slightly due to the decline of crude oil and the reduction of shipments.

As of October 28, the market price of diethylene glycol was around 5500-5700 yuan/ton, exceeding 7% in October. At present, the trading atmosphere in the diethylene glycol field is general, and the actual orders are mainly negotiated according to the quantity.

At present, the trading and investment atmosphere in the diethylene glycol market is slightly weak, and the supply and demand transmission is general. The diethylene glycol data engineer of the business community believes that in the short term, the diethylene glycol market will mostly adjust its operation in a narrow range, and the specific trend needs to pay more attention to the changes in the information on the supply and demand side.