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Industry News | Time: Jul 31 2019 2:20PM
Guotai Junan-CCFGroup holds MEG Salon in Hangzhou
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July 30, 2019 "2019 MEG High-end Salon" was held in Guangfu Center, Xiaoshan Qianjiang Century City, Hangzhou, Zhejiang province. This closed-door salon is sponsored by the Hangzhou Business Department of Guotai Junan Futures and co-organized by Consulting Co., Ltd. The Salon invited more than 30 major responsible persons from polyester factories, major MEG spot traders.

MEG supply shrinks this year due to low prices. Since the end of the second quarter, producers both in and outside China have reduced productions, and MEG shore tank inventories also moved down in the same time. Under the background of game between supply and demand, the evolution of MEG has become an important theme of the salon.

At the meeting, Wang Pei, founder of Horizon Insight, looked forward to the macro market in the second half of the year. Then, Mao Yanyan, senior analyst of CCFGroup, analyzed data changes of MEG market under the expansion period and the outlook for the second half. Next, Wang Zhizhi, senior researcher at Guotai Junan Futures Hangzhou Derivatives Business Department, introduced in detail the risk control of spot enterprises participating in the futures market. Finally, Xu Zhihao, general manager of Huarui Group Hong Kong Limited, presided over the discussion of MEG downstream consumption.

Huarui Information (CCFGroup) has always taken maintaining and promoting the healthy development of the whole industry as its mission, and has been in contact with big players in the industry at "zero distance" to better serve enterprises in the industry in view of current hot topics in the industry and in combination with macro-economy, market conditions, supply and demand contradictions, trade patterns, etc. This salon won the full recognition of the participants.

[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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