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.
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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
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Other types of reports we cover for Ethylene glycol
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News & Analysis - News & market analysis specifically relating to Ethylene glycol
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Insight and analysis of factors driving prices.
Asia’s spot monoethylene glycol (MEG) prices were largely on a downtrend in January and February, settling at $900-909/tonne cost and freight (CFR), China Main Ports (CMP) in the week ended 28 February on the back of weaker-than-expected downstream polyester demand and tighter credit supply.
The weakened Chinese yuan against the US dollar and the poorer macroeconomic environment placed additional downward pressure on prices. Prices of MEG were last seen at this level in the week ended 13 July 2012, when prices were at $883-888/tonne CFR CMP.
Prices have since then fluctuated in the range of $910-933/tonne CFR CMP in the first three weeks of March, amid gradually improving downstream polyester demand and declining port inventories in eastern China.
Polyester demand in China slowed down since early January, before the Lunar New Year in end-January, and recovery of demand was not seen until end-March, despite the period after Lunar New Year being a typical peak demand season in the country. Meanwhile, supply of MEG imported into China in January was abundant, indicated by inventory build-ups in China’s eastern coastal areas to 1.14m tonnes at the end of February, an increase of 150,000 tonnes in a month. With market sentiment turning significantly poorer due to such high port inventories, the prices of MEG slid consequently.
The spot prices rebounded in the second-half of March, mainly backed by a recovery of downstream polyester demand after price-cutting measures. Port inventories of MEG in eastern China were at 1.106m tonnes on 28 March, down by 34,000 tonnes from end-February. However, buying sentiment remained cautious over the concerns of the depreciated Chinese yuan against the US dollar and expectations of further volatility in prices in the MEG market.
Updated to Q1 2014
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.