MEG price moves up in Asia, down in US, Europe

Asian MEG markers were up US$5 a ton CFR China and CFR South East Asia in the third week of April. In China, central values surged US$30 a ton amid moderate buying interest.

Mono ethylene glycol prices in Asian markets were up on week on firmer crude and despite a day-on-day decline on Friday while downstream PET run rates were healthy.

In China, MEG market continued to rebound that week. However, the upward momentum was cut down significantly, as oil-producing countries did not reach a consensus on output freeze.

Sinopec's April MEG contract price was however, down from March.

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

MEG price jumps on rising crude and good demand

Asian MEG markers were up US$5 a ton CFR China and CFR South East Asia in the second week of April.

Mono ethylene glycol prices declined sharply opening the week but regained later on higher futures, rising crude and emerging demand.

Prices would have been higher if not for some late-week short positions taken by several Chinese futures traders, reports said. Saudi Kayan Petrochemical completed the maintenance of its MEG unit, thus resuming supplies.

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 on aggressive selling and weak June futures

Asian MEG markers declined US$39 a ton CFR China and CFR South East Asia in the first week of April.

Mono ethylene glycol prices in Asian markets fell throughout the week on aggressive selling and weak June futures. Bearish sentiment drove bids lower on weekend.

In China, MEG market retreated significantly as sales/production in downstream polyester was mute during the Tomb-sweeping Day holiday.

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, stable in Europe

Asian MEG markers fell US$4 a ton CFR China in the last week of March. In China, offers for nearby-month goods fell to US$700 a ton, and trading values softened to US$695-700 a ton.

Mono ethylene glycol prices fell on the week on profit taking and weak futures. MEG prices have been climbing since early February and early week had stayed firm over US$700 a ton CFR China.

Most traders wanted to close out their positions and take profits to hedge against a likely correction in prices.

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

MEG prices decline in Asia while stable in US, Europe

Asian MEG markers were down US$14 a ton CFR China in the fourth week of March. Sabic nominated its April Asia contract price which was up US$110 a ton from March.

Mono ethylene glycol markets in Asia rolled back the significant gains of previous week early in the week. However, they gained over the last two days of the week, limiting the weekly fall.

Sabic nominated April contract price significantly up from March seeing spot gaining over the past 10 weeks in a row up to the previous 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 jumps on tight supply

Asian MEG markers surged US$17 a ton CFR China in the third week of March. In China, nearby-month goods were offered at US$725 a ton and bid at US$720 a ton. Forward-month goods were quoted at US$740 a ton, with bids at US$725-730 a ton.

Mono ethylene glycol prices rose in Asian markets on firmer futures in China rising crude values while plant issues tightened supplies.

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

MEG price rises to three-month high amid tight supply in US

In US, MEG market remained on upward trend in the second week of March reaching three-month high on tighter supply as maintenance activity provided pricing support. US spot MEG increased US cents 1.50 per pound FOB USG on the week.

In Europe, MEG spot prices were up on tight availability amid stable demand and limited imports. European MEG edged up Euro10 a ton FCA NEW 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 prices surge on tight supply

Asian MEG markers surged US$18 a ton CFR China and CFR South East Asia in the first week of March posting a rise of US$36 on the month.

In China, offers were pushed above US$700 a ton, while buyers showed low interest to buy goods priced at above US$680 a ton.

Mono ethylene glycol market sentiment turned bullish and prices surged early in the week on news of continuing plant issues across China, Taiwan and the Middle East.

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

MEG price climbs on tight supply in Asia

Asian MEG markers spurted US$15 a ton CFR China and CFR South East Asia in the last week of February. In China, offers stayed high, and discussions and trading values picked up accordingly.

Post midweek values were hard to rush higher, with numbers weakening US$5-10 a ton. Weekend saw values recovering to the early week levels.

Mono ethylene glycol prices moved up in Asian markets on the week due to continued supply tightness and support from firming ethylene cost. Upcoming plant maintenance are likely to support MEG markets in coming weeks.

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

MEG price gains across all regions

Asian MEG markers were up US$37 a ton CFR China and CFR South East Asia in the third week of February.

In China, offers jumped straight to US$660 a ton, and bids followed up to about US$630 a ton.

Mono ethylene glycol prices jumped notably after the holiday buoyed by the restocking requirement in Asian markets and recovering from a downward trend during the holidays.

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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