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Chinese factories count domestic demand-
The health of the US and European economies will
impact on export outlook



Monoethylene
glycol imports from Asia were steady on March 7, amid thin trading. Market
source said that more Chinese factories are relying on the domestic market
to drive MEG demand for 2023. According to traders, they don't expect
demand to rise in the first half 2023. This is despite the fact that naphtha
prices have been at their highest level since July 2022. Market observers
stated that MEG prices remained stable year-on-year in 2023 while naphtha
prices have increased. Preferred bookings were made while cargo was
on the water because of market uncertainty. Due to open arbitrage,
US traders were selling to Europe. However, offers to all SE Asian nations
were identical despite different import duties. Major trader stated
that 95% of sales...