Cost Forces Asian MEG Makers To Get Closer To Margin Constraints.
The rising cost of raw materials has forced Asian MEG makers closer to the limit of production.
Ethylene prices in July 10th reached $1695 / tonne CFR in Northeast Asia, up 40 dollars / ton over the previous weekend, while MEG rose by only 25 dollars / ton during the same period.
One MEG manufacturer said that if spot prices were still below 1100 US dollars / ton CFR China, they would cut production.
This week, SABIC and Shell chemical daily ACP in August at $1260 / ton CFR major ports in Asia, in order to indicate their spot price.
A MEG manufacturer said: "the pressure of the whole industry chain is very large, and profits are declining.
We have to shift the cost pressure. "
Iran, Marun Petrochemical Industries Co is likely to shut down the cracking plant and the MEG plant for one month.
The closure of ethane cracking and MEG production lines was mainly due to natural gas shortages and technical problems.
- Related reading
Neijiang Dongxing District Rationalize The Industry Chain Sericulture Industry Year By Year
|Pakistan Federation Of Industry And Commerce: Strongly Opposed To Export Cotton To India
|- Shoe Market | Fake And Inferior Products Are Attached To Famous Brand Shoes And Brand Shoes To Turn Into "Famous Brand Shoes"
- Recommended topics | The Core Of Clothing Inventory Management Is To Reduce Clothing Inventory Instead Of Handling Garment Inventory.
- Regional policy | 杭州《余杭家紡聯(lián)盟標(biāo)準(zhǔn)》推廣實(shí)施 成為我國(guó)首個(gè)地方家紡行業(yè)標(biāo)準(zhǔn)
- News Republic | Online Shopping Mode Diversified Traditional Clothing Enterprises Try Water O2O
- Expo News | Australian Fashion Week: Print And Soft Colors Become The Specialty Of The Show.
- Shoe Market | Children'S Shoes And Clothing Market Is Large And Homogeneous.
- News Republic | Clothing Problems Frequently Appear. The New National Standard Of Clothing Will Be Enforced In August.
- News Republic | The Prospect Of Infant Clothing Market Is Excellent.
- Industry Overview | How To Build A Textile Powerhouse: What Has Been Missing In The Past 10 Years?
- Regional policy | In August This Year, China'S First Child Furniture Regulations Will Be Implemented To Protect Children'S Healthy Growth.
- 庫(kù)爾勒將要建成新疆第一座國(guó)家級(jí)棉花儲(chǔ)備庫(kù)
- Neijiang Dongxing District Rationalize The Industry Chain Sericulture Industry Year By Year
- Pakistan Federation Of Industry And Commerce: Strongly Opposed To Export Cotton To India
- India Textile Industry: Response To The Abolition Of Cotton Import Duties
- Affected By The International Situation, The Momentum Of Going Out Of Textile Enterprises Will Be Weakened.
- Two Pronged Approach, Textile Industry Upgrading Is In The Lead.
- 五大難題點(diǎn)中了紡織業(yè)“死穴”
- 12 Iron And Steel Enterprises Shut Down
- Tangshan'S 19 Blast Furnace Has Been Extinguished By The Olympic Games.
- Metallurgy And Steel Industry: The Impact Is Not Big.