ICIS delivers a wide range of short-to-long term information solutions, gathered by a team of locally based experts to enable you to better understand China’
- Weekly price reports
- News and market commentary
- In-depth annual studies
- Supply and demand data (up to 2030)
Use ICIS information to:
- Follow price fluctuations and drivers
- Monitor supply/demand dynamics
- Negotiate contracts using a direct price reference
- Input into your own internal analytical models
Ethylene glycol China Transcript
The Mono Ethylene Glycol or MEG China report is published weekly and is used extensively as a global reference.
Key price quotes are domestic cost & freight (CFR) China main port (CMP) and ex-tank China. Due to the volatile nature of the MEG markets we are in close contact with MEG producers, traders, brokers and end users to track accurate information throughout the week.
This includes bids, offers and deals. The report captures the unit operation performance and MEG and polyester products, inventories, from polyethylene terephthalate (PET) factories mainly in the east and south China. MEG inventories held in tank farms are also obtained through our network of contacts in this area.
We have reported on the China MEG market for about 10 years and we have established a wide contact base of producers, buyers and traders in the market that is not openly transparent.
Our published prices are also used as benchmark prices for contract negotiations.
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 China Ethylene glycol marketplace.
Price Reporting – More information about the price reports we publish on Ethylene glycol
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
Track historical price data
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.
Updated to Q2 2016
Monoethylene glycol (MEG) prices in east China decreased in April and May. However, in June, prices rose .
In April, prices in east China decreased rapidly early in the month and then remained at low levels. Deals decreased significantly. The operating rate in the downstream PET market increased to around 80%. Many units in the overseas market were under maintenance, while some domestic units were also offline, which kept spot prices at high levels. However, buying sentiment remained subdued. Meanwhile, the bearish commodities markets and decreasing prices at Huaxicun Commodity Contracts Exchange dragged down spot prices and more market participants took the short position. Later, spot prices fluctuated at low levels. At the end of the month, most deals were negotiated at CNY5,180-5,240/tonne, down by CNY310/tonne at the low end and down by CNY290/tonne at the high end compared with early month.
Prices in east China weakened before rebounding slightly at the end of May. The fundamentals were stable to stronger early in the month. Some major domestic units were still offline. Operating rate in the downstream PET market remained at around 80%. However, the MEG market was bearish and prices kept falling after commodity futures prices weakened because of commodity exchanges’ strict measures. Despite a rebound in crude prices , the MEG market remained bearish. Supply is expected to increase significantly as overseas units gradually resumed operation and few domestic units were scheduled for major maintenance. As a result, market participants were pessimistic. At the end of the month, most deals were negotiated at CNY4,910-4,935/tonne, down by CNY290/tonne at the low end and down by CNY295/tonne at the high end compared with early month .
In June, MEG spot market prices increased. Market sentiment was weighed down in the first half of the month amid volatile crude futures values and unfavorable market fundamentals. As such, trade was less active. In the second-half of the month, trade activity gained traction on restocking activity and anticipated gains by traders, subsequently driving MEG futures prices upward. Prices in east China were at CNY5,170-5,200/tonne on 29th June.
China ethylene glycol (EG) price report
Whether you are a buyer, seller or trader of Chinese EG, ICIS ensures you have the pricing data you need to confidently negotiate contracts. Published on a weekly basis, our pricing report gives you access to the latest domestic spot prices, as well as expert commentary on supply/demand and production news, ensuring you have an overall view of the market.
China EG monthly report
Dig deeper into why Chinese EG prices moved with in-depth data and analysis of price trends. Our monthly reports includes all of the following:
- Data and analysis of monthly import, export and domestic price trends, broken down by region
- Supply analysis – a comparison between domestic production and imports
- Import and export volume and analysis, by origin/destination, arrival port and trading method
- Production and expansion schedule
- A review of prices from other regions, as well as price trends and analysis of upstream and downstream markets
China EG Annual Study
The ICIS China EG Annual Study is an in-depth report of the year’s developments and hot topics with a supply/demand outlook for the following year. It provides credible data and analysis to support your annual sales and strategy planning by giving you all of the following:
- Chinese EG market overview
- EG downstream demand analysis by application field and region
- Regional supply and company profiles
- Planned coal-to-EG capacities and project status
- Import market analysis and outlook
- MEG price trend and price driver element analysis
China Coal-to-EG Industry Competitiveness Report
The China Coal-to-EG Industry Competitiveness Report gives unparalleled intelligence on the key updates in the coal-to-EG market as well as latest insights into the pressing issues surrounding this emerging industry. This study also offers credit worthy data and analysis which are put together by our network of locally based experts from China, to equip you to be able to evaluate opportunities and risks associated with the Chinese EG markets. The report provides the following information:
- Overall EG supply in China and the proportion coming from coal-based EG (up to 2018)
- China’s EG production process
- China’s EG capacity scale and regional distribution
- Cost advantage of coal-based production
- Latest government policies affecting the EG market in China
- In-depth information on downstream markets
China EG supply and demand data
The ICIS Supply and Demand Database provides a single, highly searchable source of detailed historical data as far back as 1978 and forecast data up until 2030 for EG in China. The service combines fully reconciled supply/demand, trade, capacity and ownership data to give you multiple views of the market from a global, regional or country specific perspective.
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.
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.