Ethylene glycol Prices, markets & analysis
ICIS provides independent and unbiased pricing information, news and market analysis for the global Ethylene glycol market. Our network of price reporters, based in Asia, Europe and the US, deliver local insight for each of these markets, which is published in our individual weekly and daily price reports.
If you buy or sell Ethylene glycol or related products, our reports, news and market intelligence will give you the prices and analysis of the factors driving the prices that you need to make confident commercial decisions.
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
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Ethylene glycol: Market overview
Updated to Q4 2014
Asia’s monoethylene glycol (MEG) is expected to be balanced to tight. Turnarounds of MEG plants in the Middle East and in northeast Asia are scheduled for the fourth quarter. Demand in the downstream polyester sector and actual import volumes would determine the price direction Asia MEG. Operating rates of purified terephthalic acid (PTA) and the general economic environment in China would continue to weigh on traders’ sentiments.
MEG in Europe is expected to be balanced-to-tight. There are more glycol and upstream ethylene oxide (EO) plant shutdowns scheduled for Q4 that will curtail availability. Much depends on demand and exchange rate dynamics and how these affect imports. Fresh polyethylene terephthalate (PET) output pulling on MEG supplies will partly depend on how new plants run and whether existing or old PET capacities reduce output or shut down as a consequence.
US MEG contract prices will feel pricing pressure from supply/demand dynamics and Asia MEG price trends in Q4. Demand from the downstream anti-freeze sector seasonally picks up in Q4 as demand from the downstream PET sector seasonally drops.
News & analysis
Ethylene glycol news & analysis
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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.