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MEG price gains in Asia, falls in Europe

Asian MEG prices partially regained US$8 a ton CFR China and CFR South East in the first week of April. In China, offers for nearby-month cargoes surged up US$10 on the week.

Mono ethylene glycol prices in Asian markets partially regained previous week’s loss as downstream demand was seen improving. In China, domestic MEG prices also followed suit, inching up week on week as downstream demand from polyester factories helped bolster buying activity. Prices fluctuated upward early in the week and then fell somewhat at weekend.

Related Keywords: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

MEG price drops across all regions

Asian MEG prices declined by US$15 a ton CFR China and CFR South East Asia in the last week of March. Mono ethylene glycol market in Asia sobered opening the week but was under recovery later together with a range-bound trend.

In China, MEG prices dropped at first and then rose somewhat that week. At the beginning of that week, domestic prices kept declining and in the second half of the week, markets rebounded slightly in line other Asian markets. Overall inventory with downstream was at a high level at present and some players bought a few volumes before the Tomb-sweeping Day.

Related Keywords: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

MEG price dips amid poor demand

Asian MEG prices plummeted US$65 a ton CFR China and CFR South East Asia in the fourth week of March. Mono ethylene glycol prices plummeted on the week due to weak downstream demand, while domestic prices in China also followed suit. In China, domestic market was weak with prices under downward correction. Trading sentiment was moderate amid weak buying interest.

Related Keywords: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

MEG price slips on weak downstream demand

Asian MEG prices declined US$23 a ton CFR China and CFR South East Asia in the second week of March. In China, prices went down from US$45 a ton during the week.

Mono ethylene glycol prices declined on the week on weak downstream demand as polyester producers skipped buying on ample supply. Meanwhile, traders were heard halting short-selling. Iran's Farsa Chimie plans to restart its 450,000 ton a year MEG plant in Assaluyeh by end March, after it remained shut since mid-February.

Related Keywords: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

MEG price declines on weak downstream demand

Asian MEG prices declined US$23 a ton CFR China and CFR South East Asia in the second week of March. In China, prices went down US$45 a ton early during the week.

Mono ethylene glycol prices declined on the week on weak downstream demand as polyester producers skipped buying on ample supply. Meanwhile, traders were heard halting short-selling. Iran's Farsa Chimie plans to restart its 450,000 ton a year MEG plant in Assaluyeh by end March, after it remained shut since mid-February.

Related Keywords: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

Falling feedstock price weakens downstream polyester chain

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Ethylene prices declined sharply in the first week of March in North East Asia as demand dropped for downstream styrene monomer while other derivatives like PE weakened significantly. In US, ethylene spot fell on longer supply as Formosa Plastics Texas unit returned from turnaround while February contract was settled higher on the month. European ethylene market was bullish as material remained tight amid firm demand remains.

MEG prices plunge across all regions

Asian MEG prices declined US$52 a ton CFR China and CFR South East Asia in the first week of March. In China, prices moved down US$70 a ton early in the week, and remained range-later in the week.

Mono ethylene glycol prices dived in Asian markets on urgent sales with sellers lowering offers to avoid incurring port costs. In China, port inventories continued to swell while supply in domestic market was abundant that week. Feedstock ethylene also plunged easing cost support to MEG.

Related Keywords: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

MEG price hits 21-month high in US, down in Asia

Asian MEG prices declined US$23 a ton CFR China and CFR South East Asia in the last week of February. Mono ethylene glycol prices tumbled further for the second consecutive week on lower demand and rising stock at Chinese ports.

Falling downstream PET prices also influence MEG markets. In China, MEG domestic market continued to decline notably with spot plunging on Monday to Thursday while weekend saw signs of rebounding.

Related Keywords: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

MEG prices plunge in Asia, Europe

Asian MEG prices declined US$40 a ton CFR China and CFR South East Asia in the third week of February. Mono ethylene glycol spot prices plunged on traders liquidating positions. Domestic MEG prices in China also plummeted due to major traders beating the market, as they were focused on liquidating their long positions.

In Europe, MEG prices declined on the week as Asian markets softened. European spot MEG prices were down Eur20 a ton FCA NWE on the week.

Related Keywords: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

MEG price falls in Asia, US

Asian MEG prices declined US$27 a ton CFR China and CFR South East Asia in the second week of February. Mono ethylene glycol prices fell in Asian markets sending cues to other regions. However, it saw support from tight avails on turnaround as margin sank ending two weeks of steady gains by falling sharply to the lowest level since 21 December 2016.

In China, MEG markets were under fluctuation. Taiwan's Nan Ya Plastics plans to restart its 360,000 a ton a year No. 2 MEG plant in Mailiao early March after annual maintenance.

Related Keywords: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

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