Ethylene Glycol Asia

摘要

Asian monoethylene glycol was under pressure this weekafter news that Taiwan’s Nan Ya Plastics was in the processof restarting its plant. The benchmark assessment fell$18/mt or 1.5% week on week to end at $1,206/mt CFRChina Friday. This brings the weekly average down $12.40from last week to $1,222.20/mt CFR China. While MEG tooka slight upswing Monday, ending at $1,232/mt CFR China,prices started to fall as news that Nan Ya was restartedemerged Thursday. The company restarted its 360,000mt/year No. 1 MEG line early Thursday after it was shut May12 due to a pipeline fire at its feedstock supplier FormosaPetrochemical.