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Research | Time:Jan 12 2017 8:46AM
Changes in China's MEG inventory structure in 2016
 
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China's MEG inventory posted sharp decline in 2016 and the inventory structure changed as well. As MEG inventory structure changes, tank inventory in ports is no longer the dominated indicator that could monitor the cargo liquidity. More attentions rest on procurement from polyester plants.

Content (Total 8 pages)
I. MEG inventory decline
  1. China domestic supply
  2. Import
  3. Downstream demand
II. Changes in MEG inventory structure
  1. Inventory structure in Q1 2016
  2. Inventory structure in Q2 2016
  3. Inventory structure in Q3 2016
  4. Inventory structure in Q4 2016 (estimated)
III. Procurement from polyester plants

Chart
Chart 1. China domestic MEG production
Chart 2. China domestic MEG production under same capacity
Chart 3. EO and 1.25*EG price spread in China
Chart 4. China's MEG imports in 2014-2016
Chart 5. China’s polyester production in 2014-2016
Chart 6. MEG supply and demand in 2015-2016
Chart 7. MEG inventory structure in Q1 2016
Chart 8. MEG inventory structure in Q1 2016
Chart 9. MEG inventory structure in Q3 2016
Chart 10. MEG inventory structure in end 2016
Chart 11. MEG off-take volume in port areas
Chart 12. MEG inventory of major polyester plants in Jiangsu and Zhejiang

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