The global Polytetramethylene Ether Glycol (PTMEG) prices stayed under pressure during mid-April xxxx due to weak demand, low feedstock cost support, and sluggish activity in downstream sectors like spandex and textiles. Market sentiment remained bearish, with cautious procurement and slow exports orders for PTMEG. Supply concerns from ongoing plant maintenance may offer limited near-term price support.
In China, PTMEG demand stayed low as downstream spandex production remained sluggish. Export orders for spandex and other textiles were weak, with manufacturers facing pressure from U.S. tariffs and limited global demand.
Operating rates at PTMEG plants averaged around xxx. Several producers, including Jiaxing Hyosung and Blue Ridge Tunhe, either continued or planned maintenance in April, tightening spot supply slightly. Feedstock THF prices stayed stable at low levels, but the cost relief did not boost sentiment. Port congestion eased slightly at Shanghai, yet logistics...
