In China, PTMEG prices remained stable, following a declined by xx in August xxxx amid weak stable cost support from the feedstock tetrahydrofuran (THF) and improving the supply in Asia after resuming few PTMEG plants in late august such as Chang Chun Petrochemical Group. Operating rate across the Chinese producers remained consistent and balanced the market.
Meanwhile PTMEG market sentiments were tempered by the upcoming PTMEG plants such as Huafeng Group鈥檚 that may further put the pressure on the PTMEG prices and kept the prices under pressure if the PTMEG demand doesn鈥檛 recover.
Feedstock tetrahydrofuran (THF) prices remained stable without any major supply disruption that kept the production cost of PTMEG remained limited.
Meanwhile the congestion at the Chinese ports remained persistent further restricting the exports and accumulating the inventory and putting the pressure on the prices.
