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Cotton yarn market went thinner after Tomb-Sweeping Festival, and was basically into slack season after May Day holiday. Though the market weakened earlier, it was in line with the traditional period. Currently, downstream orders have reduced apparently. New orders were limited and volumes were main
Recently, ZCE cotton futures market remains firm, but sales are bleak. Currently, offers of cotton under fixed level are high. Xinjiang machine-picked grade-3128 cotton prices have been offered at 16,300yuan/mt and above, ex-Xinjiang. For basis trades, market offers are mixed. The mainstream basis o
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. Howev
MEG supply is expected to increase. Malaysia's PRefChem restarted its 750kt/year MEG plant in Pengerang last weekend. Eyes could rest on the stability of the operation. In China domestic market, SHCCIG Yulin Chemical and Weihe Binzhou Chemical have restarted their units. Maintenance/restarts are mos
