May 12 News – On May 12, 2026, Satellite Chemical Co., Ltd. announced an ex-factory offer price of RMB 5,000/mt for its monoethylene glycol (ethylene-based), with actual transactions subject to negotiation.

Chempricehub MEG Analysis: Bullish/Bearish Rating: 1

• Spot market: As a major MEG producer, Satellite Chemical's explicit ex-factory offer of RMB 5,000/mt demonstrates a clear price-supportive stance, providing support for spot MEG prices and boosting spot trading sentiment.
• Futures market: The main MEG 2609 futures contract closed at RMB 4,833/mt on May 11, 2026, lower than the producer's current offer. The producer's price-supportive action is expected to drive valuation recovery in the futures market, exerting a positive influence on futures prices.