April 30 News – According to market rumors, a 250,000-ton/year monoethylene glycol (MEG) unit operated by Oriental Union Chemical Corporation (OUCC) in Taiwan, China, has recently been shut down due to an unspecified issue, with an estimated downtime of about 3–4 weeks.

Chempricehub comments on MEG: Bullish/Bearish Rating: 1. The scheduled 3–4 week shutdown of OUCC's 250,000-ton/year MEG unit will reduce regional market supply temporarily and provide support to spot MEG prices. In the futures market, on April 29, 2026, the main MEG contract (2609) closed at 5,068 yuan/ton, up 66 yuan/ton from the previous trading day, with open interest of 297,853 lots. The expectation of supply contraction is likely to provide favorable support to futures prices.