Market Overview: According to the bulk list data of Business Society, as of September 1, 2023, the reference price for diethylene glycol in the domestic market was 5400 yuan/ton, an increase of 50 yuan/ton or 0.93% compared to the price on August 25, 2023 (reference price for diethylene glycol is 5350 yuan/ton).

Market Overview: This week (8.26-9.1), the domestic diethylene glycol market fluctuated and operated in a fluctuating range. The overall performance of the market was not surprising, with relatively small price fluctuations. The operation of domestic devices is stable, with a large market for initial start-up devices, a concentration of port to ship shipments, and a significant accumulation of inventory in the main port. However, the increase in supply has not had a significant impact on the market. The performance of port shipments is relatively stable, with overall demand flat, and there is currently no positive news on the fundamentals. Supply and demand are deadlocked, and the market sentiment is on the sidelines. The market trend is relatively calm, and the overall trading atmosphere is average. As of yesterday, Jiangsu spot prices closed at 5310-5330 yuan/ton, while South China spot delivery prices closed at 5400-5450 yuan/ton.

Future market forecast: In the near future, the operation of domestic devices has been stable, and there will still be more ships arriving at the port in the next week. Inventory is still accumulating, and market support from the supply side is limited; In terms of demand, after entering September, the main downstream unsaturated resin industry has gradually entered the peak season of Jinjiu, with expectations for incremental demand. At present, the supply and demand side remains deadlocked, and the diethylene glycol market may experience narrow fluctuations. Future demand expectations may be optimistic, and prices may adjust strongly. The market is waiting for demand guidance.