Ethylene glycol Prices, markets & analysis
ICIS publishes pricing information which you can use in settlements and contracts in order to optimise your deals and negotiations.
Use the independent price assessments and market coverage in our price reports to track the regional Ethylene glycol market.
Our information is gathered by locally based reporters, giving unrivalled coverage of regional markets.
Use ICIS information to:
- Understand price drivers and fluctuations
- Develop internal analytical models
- Negotiate deals with confidence
Ethylene glycol Asia Transcript
ICIS provides real-time daily and weekly coverage of monoethylene glycol (MEG) in Asia. Spot price assessments are provided for China’s import and domestic market as well as information on monthly contract settlements in China.
The weekly report includes spot transactions, price discussions, demand/supply fundamentals and key drivers such as ethylene feedstock movements.
Sections on the downstream polyester sector and production use ensure that all angles of this volatile and fast-moving product are covered for our readers. Exclusive coverage of diethylene glycol (DEG) spot prices is also provided with a focus on China, the most important spot market in Asia.
Key movements in the market, transactions, bids and offers are elaborated and analysed in the text. We gather key information from a wide section of the market to ensure that our reports are relevant and accurate.
The ICIS cost & freight (CFR) China Main Port (CMP) MEG quote is widely recognised by the industry, with the majority of MEG producers using the report as an important benchmark.
Ethylene glycol news and market information products from ICIS
We offer the following regional Ethylene glycol coverage to keep you informed of factors and developments affecting prices in the Asia Ethylene glycol marketplace.
Price Reporting – More information about the price reports we publish on Ethylene glycol
Independent price assessments and market coverage
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Other types of reports we cover for Ethylene glycol
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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.
Asia’s spot monoethylene glycol (MEG) reversed its seven-week bullish uptrend and fell to $1,080-1,096/tonne CFR CMP in the week ended 23 August on traders’ sell-off activities. Lower crude futures and climbing port inventories in China placed downward pressure on prices.
Prices remained between $1,078-1,096/tonne CFR CMP in the following three weeks amid subdued trade and uncertainty over the near-term market direction.
Polyester demand in China slowed down since early September, despite being a typical peak demand season in the country. Supply was abundant, with inventory build-up in China’s coastal areas to 864,000 tonnes in mid-September, up by 70,000 tonnes in a month. Prices fell to $1,056-1,067/tonne CFR CMP in late September, undermined by the short-term oversupply.
A few plant shutdowns in the Middle East in September led to lower MEG supply in October. Following traders’ aggressive buying activities after China’s National Day holiday in early October, spot MEG prices rebounded to $1,069-1,082/tonne CFR CMP in mid-October.
However, the uptrend was soon followed by a two-week fall to $1,021-1,029/tonne CFR CMP in early November on worsening downstream polyester demand and margins. Chinese polyester makers began large-scale production cuts in October to minimize losses. The average operating rate of polycondensation plants fell to 71% capacity in early November from 80% capacity in early October.
Spot prices rebounded slightly in first-half November, on stronger downstream polyester demand after production cuts. However, buying sentiment for MEG remained cautious amid concerns over year-end tight cash flows among most end-users and abundant supply.
Updated to mid-November 2013
ICIS experts closely follow the Asian ethylene glycol (MEG) markets to give you access to comprehensive, accurate and timely pricing information, market commentary and news.
Asia Ethylene Glycol Weekly
ICIS publishes a weekly report for the Asian ethylene glycol (MEG) industry. The weekly coverage includes spot price assessments for China’s import and domestic market as well as other key price drivers such as supply/demand, production, feedstock movements and downstream polyester sectors.
The ICIS cost & freight (CFR) China Main Port (CMP) quote for MEG is widely recognised by the industry, with the majority of MEG producers, traders and buyers using the report as a benchmark for their transactions.
ICIS has covered the Asian market for more than 15 years and our prices are now the industry benchmark. Our subscribers rely on our reports to provide the reliable and timely information they need to make profitable trade.
Asia Ethylene Glycol Daily
The ICIS Asia Ethylene Glycol (MEG) daily report supplements the detailed market coverage and analysis in the weekly price report. The daily update enables industry players to access information on time-sensitive deals, price movements and production news. It gives you reliable information you can use to react quickly to opportunities and take advantage of short-term arbitrage windows.
Each daily report includes deals, bids and offers for two widely transacted quotes – Cost & Freight (CFR) China Main Port (CMP) and Ex-Tank China.
The information of downstream polyester industry and an evaluation of key price drivers are also included, along with a detailed analysis of spot trading activities taken place in China - one of the most influential MEG markets in the region.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Ethylene glycol. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
Whether you are a buyer, seller or trader, the weekly ICIS Ethylene Glycol (EG) Asia margin report will help you understand how costs and prices affect product profitability.
The report is designed to complement ICIS’s Ethylene Glycol (Asia Pacific) price report by covering integrated production of monoethylene glycol (MEG) from naphtha, the dominant cracker feedstock in Asia, and standalone (or non-integrated) production from ethylene with the northeast and southeast Asia models considered.
The MEG models combine ICIS’s benchmark price assessments with oxygen yield model data provided by industrial gas consultants Esprit Associates and cracker feedstock yield model data by Linde Engineering, a division of Linde. The models provide you with a clear indication of the direction of business cash costs and cash margins, allowing you to form a basis for informed market positioning.
The EG margin report enables you to:
- Have a consistent overview of costs and feedstock price movements affecting your business
- Analyse the directional trends of integrated and standalone production cash margins
- Have a benchmark for your cost and margin-based business
- Validate your market analysis and have a better understanding of the market’s dynamics to facilitate and allow you to make more informed business decisions
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Ethylene glycol, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.