China domestic supply

ZPC and Yulin are running at lowered rate and the restart of Satellite PC's one line has been delayed. Some producers raised EO output due to widening EO-EG spread. China domestic MEG output will also decrease. Market participants are expecting lower coal prices, but Hongsifang, Sanning, Huayi and HNEC Puyang have no restart plan yet. The exact restarts of HNEC Yongcheng and Guanghui are still uncertain. MEG producers will keep lower output due to persistent low profits. Eyes could rest on the product conversion of several major producers.