In April xxxx, Diethylene Glycol (DEG) prices experiencing sluggishness across the major region in the global market. The DEG market was mainly shaped by the shift in the demand conditions, the weak feedstock market and the fluctuating upstream crude oil prices.
In the United States market, DEG prices noticed the consecutive declining trend during the month. The cost support for the DEG remained weak as feedstock Ethylene Oxide prices declined by xx.xx during the month, due to the declining upstream Ethylene Prices. DEG supply remained higher during the period, as manufacturing units including Formosa Plastics Corporation and Nan Ya Plastics Corporation resumed their operation after the shutdown in the previous month.
Demand for the DEG also remained thin during the period as the inquiry from the downstream resin manufacturing and solvent segment was low. Emerging trade tensions...
