- DEG and TEG are more profitable than MEG- Coal-based production at
loss: Sources





Sources said that Asian monoethylene glycol
imports were slightly higher than expected due to tight supply. A coal-based MEG could only be profitable if MEG prices
was above $600-620/mt. Market participants believed that China may be
heading towards becoming a net exporter. However, China's growing local
supply will limit import numbers in the long run. The change has
not occurred as quickly as traders might have expected, however. Sources
believe that recovery will take place slowly. Economic performance in the
"post COVID" landscape is still unclear. This raises concerns
about the price impact in the short term. Some
sources believe that there is no need for the traditional manufacturing price
rise due to the current oversupply. They also said that macroeconomic factors
are poor and have made some...