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
Independent price assessments and market coverage by region
Price History – More information about the historical price data we publish on Ethylene glycol
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 Q1 2016
The ethylene glycol (EG) price outlook in Asia remains mixed amid opposing forces. Production cuts and turnaround will reduce cargo availability in the first quarter . However, demand is expected to decline during the Chinese New Year, when several downstream polyester plants shut down for the holidays. Nonetheless, market participants expect supply to be short overall. Concerns over the Chinese economy could weigh down prices.
US EG contracts are expected to decline in the first quarter because producers that were plagued with operation disruptions in the fourth quarter of 2015 are now back on line, and supply is returning to the market. Demand is expected to remain largely slow unless the weather prompts an uptick in demand for anti-freeze.
After an extraordinary fourth quarter of 2015 that saw EG go short in Europe, 2016 paints a different picture. Production issues that dogged 2015 have been fixed, and if Asia does not suck up the product from the Middle East, it will likely shift to European shores, particularly if Iran has renewed access to Europe. An extra 10,000 tonnes of spot EG can cause prices to change fast.
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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.