Ethylene Glycol or Mono Ethylene Glycol prices are covered weekly by ICIS reporters in Europe, US, Asia and China. There are also margin reports in Europe, US and Asia as well as a daily price report in Asia.
Our up-to-the-minute market analysis and information covers both contractual and spot markets and can be accessed on our Dashboard service, via email or ftp to allow the subscriber to make informed business decisions with confidence.
Monoethylene Glycol and diethylene glycol overview Transcript
Monoethylene Glcyol (MEG) is one of the major derivatives of ethylene. MEG is main use in the manufacture of polyester fibre, resin and film. MEG is also important in the production of anti-freezes and solvents.
As a key intermediate in polyester production, after purified terephthalic acid (PTA), MEG spot prices track, closely, the trend in the PTA market.
Traders play a key role in the volatile market as well as some end-users who double-up as speculative traders. Their sentiment follows, PTA prices, crude futures prices, feedstock ethylene values and the macroeconomic environment. China is the most important import market in Asia, with strong growth of the polyester industry.
Diethylene glycol (DEG) is a widely used by-product of MEG. Over half of DEG consumption in Asia is for unsaturated polyester resins or UPR, the other half for polyester polyols and functional solutions. DEG is a highly volatile market mainly traded on a spot basis with the exception of a Saudi Arabian major.
Sentiment rather than market fundamentals drives DEG prices in Asia.
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Ethylene glycol news and market information products from ICIS
We offer the following regional Ethylene glycol analysis and news coverage to keep you informed of factors and developments affecting prices in the Ethylene glycol marketplace.
Price Reporting – More information about the price reports we publish on Ethylene glycol
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Track historical price data
Other types of reports we cover for Ethylene glycol
Use margin reports to assess the profitability of commodities
News & analysis
News & Analysis - News & market analysis specifically relating to Ethylene glycol
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Insight and analysis of factors driving prices.
Ethylene glycol: Market overview
Updated to Q2 2016
The Europe MEG contract price for April was done at an increase compared with March. The net contract price essentially caught up with spot, which rose fast in March. Whether we are now seeing the new norm where spot prices are concerned is yet to be seen. There are expectations of stability, but also of possible increases. Domestic availability is short due to second-quarter shutdowns in France, Germany and Belgium. However, customers have found supply of bulk and trucks has been more than anticipated going into the second quarter.
US EG contracts are expected to firm up in the second quarter on somewhat tighter supply and stronger demand from the downstream polyethylene terephthalate (PET) market. Supply tightened during the first quarter because of a prolonged outage at Indorama’s Clear Lake, Texas, plant. A mechanical defect delayed the catalyst exchange process during a planned turnaround in January. The plant was slated to restart in the first week of April. Shell Chemical is down for a planned turnaround in April, but has built inventory to cover its contract customers so supply will not be short.
In Asia, spot prices were expected to be supported by slightly short demand and supply fundamentals in April. However, from May onwards, downward pressure on prices is likely to be exerted on an increase in supply and slower demand. Nonetheless, price direction is expected to be strongly impacted by crude oil values.
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Ethylene Glycol Methodology
Ethylene Glycol Asia Margin Report Methodology
Ethylene Glycol Europe Margin Report Methodology
Ethylene Glycol US Margin Report Methodology
About Ethylene glycol
Ethylene glycol is a colourless, odourless, viscous, hygroscopic sweet-tasting liquid. It is very soluble in water, ethyl alcohol, ethers and markedly reduces the freezing point of water.
Its applications are as an intermediate in the production of polyesters, mainly polyester fibres and polyethylene terephthalate (PET) bottle resins, and as an automotive antifreeze.
There are three grades of ethylene glycol; fibre grade, industrial grade and antifreeze grade.
Minor applications include deicing fluids and surface coatings, and as an ingredient in photographic developing solutions, hydraulic brake fluids, some unsaturated polyester resins (UPR), and inks.
Ethylene glycol can also be used to make glycol ethers.