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China's December 2020 MEG import down nearly 12 pct


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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. ....

Yangtze River , China General , United States , Chahar Ma All Va Bakhtiari , United Arab Emirates , Saudi Arabia , South Korea , China Customs , East China , Yangtze River Estuary , Lunar New , யாங்க்ட்ஜே நதி , சீனா ஜநரல் , ஒன்றுபட்டது மாநிலங்களில் , சஹார் மா அனைத்தும் வா பக்தியாரி , ஒன்றுபட்டது அரபு அமீரகங்கள் , சவுதி அரேபியா , தெற்கு கொரியா , சீனா சுங்க , கிழக்கு சீனா , யாங்க்ட்ஜே நதி தோட்டம் , சந்திர புதியது ,