A 300,000-ton-per-year ethylene glycol facility in East China commenced scheduled maintenance on May 15, with expected duration of approximately two months. The plant previously focused on producing ethylene oxide.
On May 14, crude oil futures edged higher, with WTI crude up 0.15 USD to 101.17 USD/barrel and Brent crude up 0.09 USD to 105.72 USD/barrel. Upstream feedstocks declined: Asian MX fell 16 USD to 1,080 USD/ton FOB South Korea; Asian PX dropped 17 USD to 1,165 USD/ton FOB South Korea and 1,186 USD/ton CFR China; ethylene declined 20 USD across Northeast Asia and Southeast Asia to 1,180 USD/ton and 1,230 USD/ton CFR respectively.
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