**Morning Market Briefing: Ethylene Glycol (EG) – September 15, 2026**

I. Key Focus Points

1. Disruption of Saudi crude oil pipeline transportation, with Houthi forces continuing to exert pressure and exacerbate supply risks, leading to rising international oil prices.
2. Ethylene glycol (MEG) inventory at East China main ports stood at 106,000 tons, a decrease of 11,000 tons compared to the previous statistical period.
3. The MEG capacity base is 30.819 million tons/year, with a utilization rate of 61.58%.
4. The polyester capacity base is 90.415 million tons/year, with a utilization rate of 73.56%.

Core Logic: Geopolitical changes are frequent; an optimistic supply-demand structure provides support for the downside of the market.

II. Price List

III. Data Table

IV. Market Outlook

International crude oil is in an upward trend, pushing up MEG costs. Under the combined impact of tight supply and sluggish downstream demand, the short-term market is expected to remain in consolidation. The trading range for the East China market today is estimated between 6900 and 7000 yuan/ton.

V. Data Calendar