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MEG fundamentals is likely to keep healthy in short term on low imports and pilot shortage. Total MEG inventory is expected to decrease by around 90-100kt in September and is hard to see clear increase in October. Imports are also hard to increase. China domestic output recovers slowly, as some unit
China domestic MEG supply will also resume after the restarts of Satellite #1 and Gulei. In terms of coal-based MEG, Hubei Sanning and Hualu Hengsheng are restarting their units; Weihe Binzhou will also restart; in mid-Sep, Xinhang, Tongliao GEM and Woneng will have turnarounds. Operating rate of co
Recently, the whole polyester industry chain focuses on MEG market. Average price of spot MEG has kept refreshing high in Dec. By Dec 18, the average price of spot MEG was at 5,670yuan/mt, hitting historic high.Surging MEG price was mainly attributed to low stocks at major ports. By last Thursday, t
