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
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Ethylene glycol: Market overview
Updated to Q4 2016
US ethylene glycol (EG) contracts are expected to increase slightly in the fourth quarter. Sources attribute this to a rise in feedstock values. Coming into the quarter, the market has been marked by soft demand. Downstream polyethylene terephthalate (PET) demand will taper off on seasonality as bottled beverage consumption declines. Some demand will be seen from the anti-freeze sector, although this is not a major part of the EG market. The US will see a tighter market in the beginning of the fourth quarter due to several turnarounds.
The October Europe contract price settled at a rollover from September, despite buyers seeking €20/tonne off and sellers pitching for a €10/tonne increase. The industry is anticipating a minor move up in spot prices going towards November, as anti-freeze demand should pick up and prices have been historically low for this time of year. The absence of US imports, caused by low prices in Europe, may soon start to be felt. Thereafter, market players will start thinking of reducing inventories as the year draws to a close.
In Asia, Q4 demand should taper down, particularly around November - the start of the typical seasonal lull period for EG. Anticipated weaker demand in November is likely to curb price increases and subsequently depress the market from the second half of October onwards. The likelihood of drastic and unexpected changes in demand and supply conditions is low.
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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.