PTMEG prices saw renewed strength across Asia and Europe during mid-June xxxx, buoyed by steady demand recovery in the textile sector and stable feedstock dynamics. A modest rise in inquiries and firmer operating rates across spandex units lifted sentiment, especially in China and Germany, while India鈥檚 export-linked textile consumption also underpinned market stability.
In China, PTMEG prices rose, driven by firm overseas demand and a rebound in textile orders. The PTMEG market saw improved buyer engagement as feedstock Tetrahydrofuran (THF) costs remained steady, allowing producers to maintain margins while catering to increased export volumes.
Chinese PTMEG facilities maintained high production levels, with some resuming operations after brief halts earlier in the quarter. Despite port congestion in Shanghai and Ningbo caused by weather delays and increased U.S.-bound shipments after reduced trade tensions, exports experienced only minor scheduling issues.
