On the demand side, demand for DEG remained soft from the domestic as well as in the overseas markets. In the domestic market, stockings from the downstream marketers were only need-based, avoiding large procurement during the year end. Though buyers closely tracked DEG pricing and crude oil volatility, further limiting fresh buying activity.
DEG consumption from the downstream sectors such as polymer manufacturing, paints, and coating sector also remained limited.听 Support from the end use industries, including automotive and construction, remained limited to offsetting the broader slowdown.
In the US automotive market, sales of new light vehicles declined by *.** in November compared with the same month a year ago. Although sales trend is forecasted to improve toward the year end, increasing DEG demand in coating and antifreeze applications, despite this downstream inventory additions remained minimal due to cautious downstream buying...
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