East China port inventories steer MEG spot direction
MEG is heavily imported, so East China port stock levels are the key near-term price signal.
M
Market Desk
Import dependence. A large share of Chinese MEG consumption is met by imports, with most cargoes landing at East China ports. Port inventory data is therefore the market most-watched near-term indicator.
Spot signal. Rising stock levels typically cap spot gains, while draws support firmer offers, especially ahead of peak textile season demand.