May 8 Report
On May 8, 2026, Satellite Chemical Co., Ltd. announced its ex-factory offer price for ethylene-based Monoethylene Glycol (MEG) at 4,900 RMB/ton, down 100 RMB/ton from the previous trading day, with actual transactions subject to negotiation.

Chempricehub MEG Review
Bullish-Bearish Score: -1

Spot Market:
Satellite Chemical, a key domestic MEG producer, lowered its ex-factory offer by 100 RMB/ton compared to the previous trading day, providing bearish guidance to the spot market. Transactions are mainly subject to negotiation, while spot prices face downward pressure.

Futures Market:
On May 7, 2026, the main MEG contract (2609) on the Dalian Commodity Exchange closed at 4,851 RMB/ton, down 190 RMB/ton from the previous trading day. The current downward adjustment of spot quotes further pressures MEG futures prices, indicating a short-term weak trend.