MEG prices surge 7% in China after bombing on SABIC facility

MEG prices surged after the SABIC plant disruption, tightening global supply and lifting Chinese CFR prices by 7 per cent.
Futures signalled strong bullish momentum, while PTA remained relatively stable, highlighting feedstock divergence.
Rising MEG costs are expected to push up PFY and PSF prices, with continued volatility likely in the near term.