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In short term, MEG port inventory still has room to rise, but there are other reactions after the implementation of strict controls. Previously people were talking about that Taicang terminal has annouced that their pilot on the road has been physically isolated, can not go to the wharf, can only st
MEG port inventory continued going up to around 890kt this week, and further increase was still expected with plenty of cargoes to arrive. Meanwhile, MEG product inventory in MEG producers has stood above 250kt in mid-February, doubled from the 2021 average level. Those cargoes would continue flowin
Given the active purchases prior Chinese New Year, MEG inventory in polyester plants also increased. Currently, port inventory remains stable but is expected to increase with more cargoes arriving and the end of pre-holiday purchases.In addition, China domestic output is also recovery with the resta
