Latest Breaking News On - Morvarid - Page 3 : comparemela.com

-74 Import from Saudi Arabia remained low in December. Operating rates of MEG plants in Saudi Arabia were low due to weak economics, and producers chose to raise output of other products. Meanwhile, some cargoes were delayed to Jan 2021. Import would recovered in Jan with Dec delayed cargoes discharging and the arrivals of PetroRabigh s cargo. Supply from Saudi Arabia would remain low in the first quarter of 2021 due to scheduled maintenance of Sharq2 and Yansab. Import from Taiwan Prov. was around 80-90kt in December, broadly flat from November. Nan Ya s No.2 unit remained closed and has no restart plan yet. The rest three lines of Nan Ya were running normally. MEG cash flow improved since late January, and Nan Ya would assess whether to restart #2 plant after the Lunar New Year.

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