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After the holiday, MEG prices surged rapidly, driven by rising crude oil prices. Although prices have recently retreated slightly, they remain at a high level for the year. In contrast, the coal market experienced a downturn, as colder weather during the National Day holiday led to a drop in electri
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 poly
MEGSupply and demand: slow startups of new units; broadly balanced in Oct; clear inventory buildups in Nov-DecSupply: China domestic supply recovers slightly. Operating rate of all MEG units is around 60% and of coal-based units around 41%Demand: polyester product inventories decrease slightly; end-
Danhua Science and Technology disclosed semi-annual report that the company achieved 517 million yuan in business revenue in the first half of 2019, down 15.26 percent from the same period last year. The company had a loss of 37.651 million yuan from the same period of last year. Due to the sharp de
