The start-up of Hengli Petrochemical's ethanol amine (EOA) unit has been postponed to the end of July

The start-up of Hengli Petrochemical's ethanol amine (EOA) unit has been postponed to the end of July and the EO/EG switch will also be postponed to the end of July. Satellite Petrochemical has one MEG line under maintenance for one month and plans to switch to EO production after maintenance. However, the diversion of production still depends on the performance of the EO market, and some producers may also increase EG production in June-July due to the off-season of EO.

Meanwhile, some producers will also increase the crack rate of the stream cracker with widening ethylene-naphtha spread. Gulei petrochemical originally planned to lower EG rate after the startup of EVA unit. However, Gulei has increased the operating rate of its cracker and the MEG unit operating rate remains high. And with the increased cash flow, we should also pay attention to the possible restarts in Asian market.