AFPM '13: US EG contract prices to decrease in April

25 March 2013 17:14  [Source: ICIS news]

SAN ANTONIO, Texas (ICIS)--Contract prices for US ethylene glycol (EG) are expected to decline in April, several market sources said on Monday on the sidelines of the International Petrochemical Conference (IPC).

“We anticipate that EG will be down by approximately 2-3 cents/lb ($44-66/tonne, €34-51/tonne),” said one source.

Falling US prices are following the declining price trends in the Asian and European monoethylene glycol (MEG) contract markets.

Major EG producers in the US include LyondellBasell, Huntsman, MEGlobal, Indorama, SABIC and Shell.

Hosted by the American Fuel & Petrochemical Manufacturers (AFPM), the IPC continues through Tuesday.

($1 = €0.77)

By: Feliza Mirasol
+1 713 525 2653

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