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2017-2018 China MEG Market Annual Report

Annual Report Overview

2017–2018 China MEG Market Annual Report


China’s MEG prices fluctuated within a wide range in 2017. From January to July 2017, the average price in East China grew by 35.76% from the same period of 2016. MEG producers gained high profit margins with the increase in MEG prices. The profit margin at coal-to-MEG producers reached over 28%, and that at producers with integrated units reached 50%. The industry boomed a lot as a whole. 

On the supply side, the operation of the newly-added capacity was below expectation in 2017. The MEG capacity growth rate slumped from 9.5% in 2016 to less than 2% this year. Main reasons were as follows: 1. The environmental protection inspections intensified. 2. China’s producers tended to be rational about their investment. 3. The unit construction and operation called for a long periodicity.

As for the global market in 2018, the expansion of newly-added MEG capacity will mainly take place in China. The operation pace of the newly-added capacity in 2018 will be much faster than that in 2017. Different from the fact that newly-added MEG capacity was mainly coal-to-MEG capacity in previous years, CNOOC Huizhou Refining and Petrochemical will launch a 400kt/a integrated MEG unit in 2018. China’s MEG capacity will be expanded sharply in 2018. It is predicted that the self-efficiency rate in the China’s MEG industry will improve greatly in 2018.  

SCI, based on 10-year research experience and professional monitoring towards the MEG market, issues the 2017–2018 China MEG Market Annual Report. The report summarizes and analyzes the data changes in 2017, including price, operating rate, capacity, output, inventory, profit, import & export. It also provides detailed analysis on relevant products and its upstream and downstream industries, and gives forecast on MEG market development opportunities and ideas. It helps to make competitive business strategies under the new market environment.

Report Value:

(1) To show China market changes’ influence on the international market by analyzing the global MEG supply-demand pattern

(2) To make the production status and development trend of China MEG producers clear by presenting China’s producers’ capacity and output changes in recent three years

(3) To help deeply understand the import pattern by analyzing the import market by month and by origin

(4) To analyze factors influencing MEG prices with the complete industrial chain taken into consideration and to evaluate the transmission of the MEG value chain objectively


Part 1 Methodology & Related Definition

1.1 Methodology & Definition

1.1.1 Report Reliability & Statement

1.1.2 Data Interpretation and Annotation

1.2 Definition & Abbreviation

Part 2 MEG Market Overview

Part 3 2017 MEG Supply-Demand Pattern Analysis

Part 4 MEG Supply Pattern Analysis

4.1 2017 Global MEG Capacity Layout

4.2 China MEG Capacity and Capacity Layout (by Region)

4.2.1 2017 China MEG Capacity and Capacity Layout (by Region)

4.2.2 2017 China MEG Capacity Proportion (by Feedstock Source)

4.2.3 2017 China MEG Capacity Proportion (by Enterprise Nature)

4.3 China MEG Output Analysis

4.3.1 2012–2017 China MEG Output and Operating Rate Analysis

4.3.2 2017–2020 China MEG Output and Operating Rate Forecast

4.4 Global MEG Units Shutdown and Expansion Status

4.4.1 2017 China MEG Units Maintenance Status

4.4.2 2017 China MEG Units Expansion Status

4.4.3 2017 Foreign MEG Units Maintenance Status

4.4.4 2018–2020 China MEG Units Expansion Plan

4.5 China MEG Inventory Changes at the Ports

4.5.1 2017 China MEG Inventory Changes at the Ports

4.5.2 2014–2017 China MEG Inventory Comparison at the Ports

Part 5 MEG Demand Pattern Analysis

5.1 2017 MEG Demand Structure Analysis

5.1.1 2017 Global MEG Demand Structure Analysis

5.1.2 2017 China MEG Demand Structure Analysis

5.2 2017 China MEG Import Analysis

5.2.1 2017 China MEG Import Market Review

5.2.2 2017 China MEG Import Analysis (by Origin)

5.2.3 2017 China MEG Import Analysis (by Customs)

5.2.4 2017 China MEG Import Analysis (by Trade Mode)

5.2.5 2018 China MEG Import Market Forecast

5.3 MEG Downstream Industries Development Status

5.3.1 2017 China PET Industry Development Status

5.3.2 2017 China UPR Industry Development Status

Part 6 Correlation Analysis Between MEG Feedstock and MEG Spot Prices

6.1 2017 Correlation Analysis Between Crude Oil and MEG Spot Prices

6.2 2017 Correlation Analysis Between Ethylene and MEG Spot Prices

6.3 2017 Correlation Analysis Between Coal and MEG Spot Prices

Part 7 China MEG Feedstock Diversification Competition Pattern Analysis

7.1 2017 China MEG Feedstock Diversification Development Status

7.2 2017 China MEG Feedstock Diversification Cost Competition Analysis

Part 8 2017 MEG Price Trend Analysis

8.1 China MEG Market Review

8.1.1 2017 China MEG Market Review

8.1.2 2017 MEG Price Spread Analysis Between RMB and USD Markets

8.2 MEG USD Market Review

8.2.1 2017 MEG Market Review in Asia

8.2.2 2017 MEG Market Review in Europe and the U.S.

8.3 Correlation Analysis Between MEG and Relevant Products

8.3.1 2017 Correlation Analysis Between MEG and DEG

8.3.2 2017 Correlation Analysis Between MEG and PTA

Part 9 2018 MEG Price Forecast and Influencing Factors Analysis

9.1 MEG Price Forecast

9.2 Macro Environment Interpretation and Influence

9.3 China MEG Industry Policy Interpretation

9.4 2017–2020 China MEG Supply-Demand Pattern Forecast

9.5 China MEG Industry Future Competition Analysis



List of Distributors

Tables and Charts

Annual Reports of Relevant Products

2017–2018 China PTA Market Annual Report

2017–2018 China PFY Market Annual Report

2017–2018 China DEG Market Annual Report

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