MEG prices were volatile previously

MEG prices were volatile previously, tracking the trend in coal prices. Looking ahead, focus is likely to gradually return to fundamentals. Supply-demand structure in Nov-Dec would be broadly balanced, with limited inventory buildup. Meanwhile, with easing restrictions in power usage, polyester polymerization rate has gradually recovered to around 84%. Demand for MEG is gradually improving compared with in Sep. Eyes could rest on polyester sales ratio.