China Chemical Commodity Price Trends

The glycol complex is the week's story. DEG exploded 11.9% to CNY 12,250/t, the largest move on the board with MEG up 5.3% to CNY 6,235/t and BDO firm. Port tank inventories in East China have drawn hard while coal-route glycol units sit in turnaround, and the polyester chain (POY +1.1%, caprolactam +0.8%) is absorbing the cost. When DEG moves 12% in a session, resin, UPR (+1.0%) and brake-fluid formulators everywhere reprice and India imports the bulk of its DEG.