- India will not levy an antidumping duty on caustic soap
from Kuwait, Saudi Arabia, or the US- Polyester demand lackluster



Due to thin trade, Asian monoethylene
glycol imports remained stable on Oct. 31 The bearish outlook for polyester caused weak demand. Most
market participants predicted that trade would decline further due to inflation
and lower discretionary spending. Sources
said that China's zero COVID-19 policy has severely impacted logistics. Strong
freight rates and movement restrictions have led to a reduction in China-origin
exports. According to market sources
inventories fell by approximately 5,000 mt over the week before, with MEG
operating rates at around 55%. Sources
indicated that most producers were losing money, except for ethane-based
production, whose costs are low. A trader
stated that many of the ethane-based MEG producers were publicly listed, and
they...