Push for MEG, PTA hikes

摘要

Tight supply and mounting feedstock costs promopt MEG and PTA producers to hike nominations for February, despite weak demand. A Strong cost push and tight supply prompted producers of monoethylene glycol (MEG), and purified terephthalic acid (PTA) to push for incremental price hikes in February, over January, braving the seasonal dampening of demand ahead of Chinese New Year.