the Pars Glycol plant has commenced operations this year and has been operating smoothly

Regarding Iranian shipments, the Pars Glycol plant has commenced operations this year and has been operating smoothly, resulting in a significant increase in local supply compared to previous years. However, European demand has remained stagnant, with only a few spot purchases being made, and some demand has been lost due to the early Turkish earthquake. Starting from mid-to-late May, there has been a significant increase in bids for Iranian goods. Two ships have been scheduled for loading, and subsequent shipments are gradually being dispatched, with arrival in China expected in late June. It is estimated that the volume of Iranian goods arriving in June could reach 80,000 tons, and we will continue to monitor the actual discharge situation. It is understood that the local inventory of MEG in Iran is high and is expected to remain so in June. A similar trend has been observed in the Indian market, where around 20,000 to 30,000 tons of Indian goods were put out for tender last week. We will continue to monitor the actual transaction situation.