Chemical Updates

Petchem Asia Glycols: Prices retreat as futures slide, supply returns / MEG prices fall $55/mt as futures slide / China port arrivals fall to 34,400 mt / DEG rises 1,250 yuan/mt on tight supply

Aug 29, 2026

monoethylene glycol CFR China up $10/metric ton from the previous close at $690/mt on Aug. 28, with end- September discussions heard about $690-$700/mt, reversing the week’s opening level of $745/mt on Aug. 25, while the domestic market traded above 6,190 yuan/mt ex-tank. The week’s trajectory was defined by a sharp midweek fall. The domestic China fell 465 yuan/mt on Aug. 26 to 5,725 yuan/mt ex-tank as EG2609 futures fell 361 yuan/mt to 5,243 yuan/mt, the largest daily futures drop during the period, before stabilizing at 5,685 yuan/mt on both Aug. 27 and Aug. 28. CFR China mirrored the move, falling $65/mt on Aug. 26 to $680/mt before edging up $10/mt on Aug. 28 to close the week at $690/ mt. EG2609 closed 18 yuan/mt higher day over day at 5,261...

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