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Research | Time:Apr 5 2017 2:39PM
Analysis of changes on China's MEG market structure
 
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China's mono ethylene glycol (MEG) market structure and trade pattern witnessed some changes since 2015. The changes showed in the following aspect: falling price, narrowing fluctuation interval, changing influencers and inventory structure.

The internal factors that resulted in such changes are: rising domestic production, increasing contract usage of domestic supply. External factors include: weakened financing environment, transparency in market information and the development in storage tanks.

Content
I. Changes in market structure
1. Declines in price, and narrowing fluctuation interval
2. Decline in import dependency
3. Changes in inventory
II. Internal and external influencers
1. Rise in domestic production
2. Changes in market environment


Chart
Chart 1. MEG annual average price
Chart 2. China's MEG prices since 2005
Chart 3. Yearly MEG production and import
Chart 4. Changes in MEG inventory structure
Chart 5. Monthly polyester production
Chart 6. Monthly MEG production
Chart 7. CFR China/domestic MEG spread

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Analysis of changes on China's MEG market structure
 
 

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