In the ethylene glycol (EG) market in China, trade is muted. Several production facilities in the country were shut down until August for turnaround. In addition, delivery of imported cargoes was delayed and supply was not ample. On the demand side, operation rates of polyester makers are at a high level of about 86.5%. However, consumption of inventories of polyesters is slow and buying interest for feedstock EG is not that strong.

In September onwards, EG facilities that are undergoing turnaround including those owned by Lianyungang Petrochemical, Shanxi Woneng and Shanxi Weihua are scheduled to restart. Further, facilities in overseas countries that had been shut down due to malfunctions restarted. Volumes of imported cargoes in China are increasing, Therefore, supply for both domestic cargoes and imported cargoes is rising. As it will be the demand season from September to October, buying interest from derivative makers might strengthen. For this reason, views are heard that EG prices might not fall sharply.