US Jan-Sept MEG production falls 8.6% year on year - trade group

29 November 2010 23:35  [Source: ICIS news]

HOUSTON (ICIS)--US monoethylene glycol (MEG) production was down 8.6% from January through September compared with the same time in 2009, the National Petrochemical & Refiners Association (NPRA) said on Monday.

MEG production was 2.13bn lb (966,000 tonnes) through the end of September down from 2.33bn lb during the same period the previous year.

A series of planned turnarounds and unscheduled outages between July and October limited MEG production in the third quarter to 701m lb. That was down 22% from 898m lb in the third quarter of 2009.

The third quarter is typically a busy period for MEG producers because of a rise in demand from antifreeze sellers ahead of the seasonal drop in temperatures.

November US MEG prices were 47-52 cents/lb ($1,036-1,146/tonne or €777-860/tonne) FOB (free on board), as assessed by ICIS.

US MEG suppliers include Equistar, Huntsman, MEGlobal, Old World, SABIC and Shell.

($1 = €0.75)

For more on MEG visit ICIS chemical intelligence
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By: Gene Lockard
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