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Asian MEG markers rolled over in the second week of February with CFR China assessed at US$610-605 a ton while CFR South East Asia was at US$613-617 a ton.

In China, nearby-month cargoes were quoted at about US$590 a ton, with counter offers at US$580-585 a ton and forward-month goods US$5 a ton higher.

Mono ethylene glycol markets in Asia witnessed extremely thin activity amid the Lunar New Year holidays, with participants across South Korea, Taiwan and Southeast Asia were either on holiday or not trading.

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European MEG prices recovered Euro40 a ton FCA NWE on tighter supply in the first week of February.

MEG spot in Europe rebounded on tighter supply as Ineos stopped offering ending several weeks of decline.

Asian MEG markers were up US$9 a ton CFR China and South East Asia on the week.

In China, nearby-month cargoes were quoted at about US$590 a ton, with counter offers at US$580-585 a ton. Forward-month goods were US$5 a ton higher over nearby-month quotes.

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Asian MEG markers gained US$33 a ton CFR China and CFR South East Asia in the last week of January.

In China, discussions and trading price for nearby-month cargoes were between US$570-575 a ton early in the week, which were hiked to US$585-590 a ton midweek, with higher offers for forward-month at US$600-605 a ton.

Mono ethylene glycol prices in Asian markets surged on the week as sentiments turned bullish with news of various plant issues across Taiwan and the Middle East.

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Asian MEG markers gained US$18 CFR China and CFR South East Asia in the third week of January.

In China, MEG values inched down in first half on weak crude oil price, and negotiations fell to US$540 a ton. As crude rose MEG prices surged US$20 a ton in the second half of the week.

Mono ethylene glycol prices surged in Asian markets as crude oil rebound and MEGlobal immediately limiting MEG supply to Asian customers for an unspecified period due to a shortage of feedstock at its plants in Kuwait.

In US, spot MEG prices hovered at 78-month low while demand remained on an average.

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Asian MEG markers fell US$34 a ton CFR China and CFR South East Asia in the first week of January.

In China, offers fell to US$590 a ton, and central negotiations softened to US$580-585 a ton.

Mono ethylene glycol prices fell in Asian markets on weak futures and aggressive selling. Falling Futures subsequently dragged down both physical forward and prompt prices for both H2 July and H1 August.

A few MEG units in Asia are likely to reduce the term supply in January as polyester producers will cut down MEG contract volume for 2016.

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Asian MEG markers, the CFR China and CFR South East Asia rose US$30 a ton in the last week of December 2015.

In China, offers surged to US$615 a ton, and discussions and trading values followed up to US$610-615 a ton.

Mono ethylene glycol prices jumped on the week in Asian markets after market sentiment weakened gradually last week.

Prices climbed up in early week as players in short-position replenished goods at the end of December.

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Asian MEG markers gained US$20 a ton CFR China and CFR South East Asia in the third week of December.

SABIC nominated its January Asia Contract Price at US$730 a ton CFR Asian main ports, down US$40 from December.

In China, the upper range of prices remained limited at US$570 a ton.

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In the second week of December, Asian MEG markers edged up US$4 weekend but fell US$13 a ton CFR China on the week.

Mono ethylene glycol prices edged up weekend on late short-covering by traders due to plant issues at Shell and Nan Ya Plastics.

However, prices were down on the week as crude oil prices retreated significantly while commodity markets were severely bearish this week. Polyester makers were at new lows.

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Asian MEG prices fell US$4 a ton CFR China and South East Asia in the first week of December.

In China, MEG prices fluctuated in the range of US$560-565 a ton. However, as news that Saudi Arabia did not cut down oil production trickled in, discussions and trading values of MEG cargoes softened to US$550-555 a ton.

Mono ethylene glycol prices fell on lower MEG futures and short-selling by traders. In China, February MEG futures fell from Monday as bearish sentiment drags bids lower.

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Asian MEG prices fell US$17 a ton CFR China and CFR South East Asia in the last week of November.

In China, values fell to US$550-555 a ton in the first half of that week, and later surged by US$5-10 in line with rebounding crude oil values.

In the H2 of the week, prices were corrected to below US$570 a ton.

Mono ethylene glycol prices declined in Asian markets on on negative outlook and surplus stock, triggering short-selling.

No support is expected from cost or demand side, with expectation of lower run rates at downstream polyester plants.

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