processing...

Blog Details

Asian Glycols : Activity firms on March Demand / Buying interest for the month of March is higher than expected due to peak season / Near-term outlook is uncertain - Feb 20, 2025

Asian Glycols : Activity firms on March Demand / Buying interest for the month of March is higher than expected due to peak season / Near-term outlook is uncertain - Feb 20, 2025

Feb 20, 2025

Markets for monoethylene glycol in Asia were slightly firmer in the week of February 14. Transactions on CFR China markets showed a slightuptick, as buyers' interest in March cargoes increased. Theimprovement was largely attributed to the expected onsetof the typical peak season for polyester, according to marketsources.However, given the volatility in the crude oil markets, buyersremainedcautious.Support from the downstream polyester sector was weak asdemand was tepid after the Lunar New Year holidays. Key textilemanufacturing activities had yet to ramp up, a producer said,contributing to sluggish trade for polyester.Operating rates at polyester facilities in China were estimatedat 85% during the week but could ramp up later in the end as thepeak season approaches in March.However, the near-term outlook remained murky, with severalparticipants citing uncertainty in the geopolitical landscape andcrude oil volatility.In...

Exclusive market movement data, shipping lineups, demand signals and pricing rationale continue in full report.

Unlock complete article access with a paid account.

Continue Reading With Membership

This is a preview. Login and activate a paid plan to read the complete article.

Login to Continue