① Anticipated increase in imports weighs on the market.
② Domestic supply remains ample and stable.
③ Downstream procurement increases are modest.
| 2025-2026 Domestic MEG Spot Price Trend Chart (CNY/ton) |
|---|
| Source: Chempricehub Information |
Domestic Monoethylene Glycol (MEG) Weekly Price Change Table
Unit: CNY/ton
| Region | Sep 17, 2026 | Sep 10, 2026 | Change Value | Change Rate (%) |
|---|---|---|---|---|
| East China | 8035 | 9685 | -1650 | -17.04% |
| South China | 8060 | 9015 | -955 | -10.59% |
Source: Chempricehub Information
This week, the domestic MEG market entered a rapid downward trajectory. Although the stalemate in US-Iran relations persisted, international oil prices remained high, commodity markets continued to rise, and futures indices showed strong gains, these factors failed to support MEG prices. Instead, the market experienced a sharp decline during the week. The primary driver was the front-loaded expectation of increased supply at major ports: arrival forecasts for October import cargoes were released sequentially, including significant volumes from the Middle East. The combination of rising import expectations and ample, stable domestic supply created bearish pressure, causing MEG prices to plummet.
Analysis of Market Influencing Factors
Pre-holiday downstream purchasing activities.
Sentiment among market participants.
Trends in international oil prices.
Next Week's Market Forecast
The anticipated increase in MEG supply has not yet been fully priced into the market, leaving room for further declines. Future supply growth is clearly expected to outpace demand growth, with early release of supply pressure suppressing price trends. MEG is already reflecting the market dynamics under a new supply-demand structure. The prevailing bearish sentiment continues to build, with industry participants closely watching for prices to break below the 8,000 CNY/ton threshold. For next week, spot prices in the East China market are projected to trade within the range of 7,850–8,200 CNY/ton. For more detailed weekly market analysis, please refer to the Chempricehub MEG Weekly Report.
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