① Inventory buildup due to large vessel arrivals.
② Restocking purchases by downstream plants.
③ Continued rise in international crude oil prices.
| Domestic MEG Spot Price Trend Chart (2025–2026, CNY/ton) |
|---|
| Data Source: Chempricehub Information |
Weekly Price Change Table for Domestic Monoethylene Glycol (MEG) Market
Unit: CNY/ton
| Region | 2026/10/15 | 2026/10/8 | Change | % Change |
|---|---|---|---|---|
| East China | 5950 | 6415 | -465 | -7.25% |
| South China | 6080 | 6330 | -250 | -3.95% |
Data Source: Chempricehub Information
The domestic MEG market trended lower initially before rebounding, closing the week with gains. Shipments arrived progressively during the week, pushing inventory at major ports above 20,000 tons. The price drop from the 6,000 level to around 5,650 exceeded some market participants' expectations. Consequently, certain downstream factories held off on concentrated procurement while awaiting cargo discharge and observing market movements. Toward the end of the week, the market absorbed previous declines and adjusted rapidly upward. Driven by the "buy high, not low" sentiment, downstream entry enthusiasm increased.
Analysis of Market Influencing Factors:
Downstream Procurement Activity
Market Participant Sentiment
International Crude Oil Trends
Next Week's Market Forecast
A bullish outlook exists for the domestic MEG market next week. Large vessels have fully discharged their cargoes into major port inventories, which are expected to decline steadily thereafter. After nearly a month of raw material substitution, downstream plants currently hold low MEG inventories; most have procurement plans, leading to further increases in warehouse shipments. Under the scenario of stable supply and rising demand, some market participants are exhibiting a bullish stance. The spot price range in East China is projected between 5,950 and 6,400 CNY/ton for next week. For more detailed weekly market analysis, please refer to the Chempricehub Information MEG Weekly Report.
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