Sichuan Tianhua Chemical reported Q1 2026 revenue of CNY 678 million with PTMEG exports exceeding 4,200 tonnes. PTMEG (a key intermediate for spandex and elastomeric PU systems) demand is being driven by recovering global TPU and elastomer markets — a parallel trend to the headline MDI/TDI price moves in flexible and rigid systems.
PTMEG (poly-tetramethylene-ether-glycol) is a long-chain diol used in spandex production and in higher-performance elastomeric PU systems — TPU, cast elastomers, certain high-resilience flexible foams. Demand for PTMEG generally tracks the elastomer and spandex cycles rather than the rigid-foam / panel cycle, so a strong PTMEG export number is a separate signal from the MDI / TDI moves elsewhere in this feed.
The Q1 PTMEG export volume points at recovery in TPU and elastomer end markets — footwear (especially performance), industrial hose and tube, technical film, certain electronics applications. For PU systems producers running elastomeric or TPU portfolios, the read is supportive rather than worrying.