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.
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Other types of reports we cover for Ethylene glycol
Use margin reports to assess the profitability of commodities
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Ethylene glycol: Market overview
Updated to Q3 2016
In Asia, mixed market forces would be at work on monoethylene glycol (MEG) prices in the third quarter. Demand is likely to remain strong in July because of downstream polyester producers building inventory earlier for the G20 International conference in China. However, demand is likely to decline from the second half July to August and may pick up again in September. Going forward, movement of crude oil values would also have an impact on MEG price direction given the uncertainty in the outlook.
Europe’s MEG prices began the Q3 by bottoming out, but few participants expect much volatility in the third quarter price. However, potential length caused by additional imports that may be due into Europe in September, may influence price direction. Much will depend on developments in the dominant market of Asia.
US EG contracts are expected to increase slightly in the third quarter, due to a rise in upstream and feedstock values, along with stable economic conditions in the US and Asia. Coming into Q3, the market has been marked by ample supply and weak demand, but the US will see a tighter market due to turnarounds. Meanwhile, downstream polyethylene terephthalate (PET) demand is expected to be weaker than usual, even though summer is usually the peak demand season.
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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.