Oct 08, 2023
Weak fundamentals and high port inventories continue to exert pressure on the MEG market. Going forward, particular attention will be placed on shifts in the operating rate of integrated producers. Some companies, facing prolonged losses, have recently adjusted their cracking rates and ethylene sales. For instance, companies like Zhenhai Refining & Chemical and a company in North China. As of now, the impact on MEG production appears to be limited. However, there is a keen interest in monitoring operating rate changes among other players in the near future.