Ethylene glycol Europe

The ICIS monoethylene glycol (MEG) report is an industry benchmark within Europe for monthly and spot prices. The monthly free delivered (FD) northwest Europe (NWE) contract range is updated as soon as two suppliers and two customers have reached an agreement. 

With MEG being a global commodity and Europe a net importer, the NWE cost, insurance & freight (CIF) T2 bulk range is vital to the market.

Having ICIS as an objective reference of actual business, market sentiment and general state of play is highly effective.

The weekly free carrier (FCA) Rotterdam T2 truck prices and supporting text gives the industry an in-depth picture of how the market is performing. All prices are shown on an euro per tonne basis and in the case of ex-works Russia there is also a roubles per tonne quote.

Whether you are a buyer, seller or trader, the weekly ICIS Ethylene Glycol (EG) Europe margin report will help you understand how costs and prices affect product profitability.

The report is designed to complement ICIS’s Ethylene Glycol (Europe) price report by covering integrated production of monoethylene glycol (MEG) from naphtha, the dominant cracker feedstock in Europe, and standalone (or non-integrated) production from ethylene, with contract and spot 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.

Find out more about margin reports here

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 dynamic 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.