China's MEG imports have been relatively low

Jul 26, 2023

From January to April, China's MEG imports have been relatively low, with a monthly average of approximately 490,000 tons, which marks a decline of roughly 30% compared to the same period in previous years. Notably, the average import volume in March and April was only about 450,000 tons, which fell significantly short of market expectations. Factors contributing to the slower pace of arrivals during this period include concentrated maintenance of MEG units in Saudi Arabia during the first quarter and the impact of the cold wave in late January and early February leading to temporary closures in North America.

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