Stay abreast of the regional Ethylene glycol markets that matter to you.
From pricing information to the analysis you need to understand it, ICIS coverage of regional Ethylene glycol markets is second to none.
Our locally based reporters constantly update our independent price assessments and market coverage, giving you a firm foundation in all your dealings.
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- Follow price drivers and fluctuations
- Inform your internal market modelling
- Back up your negotiations
- Determine settlement and contract terms
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 Europe 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
Use margin reports to assess the profitability of commodities
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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 Q3 2017
The European monoethylene glycol (MEG) July contract price settled at a slight decrease from June pricing levels but not all market participants felt that the settlement was representative of current market dynamics, due to prices in Asia climbing over the summer. August MEG contracts rose moderately but there was a lack of support for the initial settlement within the contract market. Some contract sources deemed the increase as lower than expected due to the recent rises in MEG spot prices and firmer prices in Asia.
As a result, an initial September MEG contract price emerged at a larger increase than in August, alongside a full confirmation of the August contract price. The initial September contract price settlement was delayed as a few consumers felt the price was too high. At the beginning of October, another buyer and seller agreed to the September contract price alongside the emergence of the October contract price, which rolled over from the previous month.
Supply in the bulk market dropped off towards the end of the quarter due to delayed import arrivals from the US after hurricane Harvey.
Monoethylene glycol (MEG) demand was reasonable throughout the quarter, especially in the downstream PET sector where bottle consumption increases during the hot summer months in Europe. There were some PET supply constraints in August seen and there was some concern that this would dampen MEG consumption but overall there was not much of an impact seen from players. During August there was a dip in demand in some cases in the truck market as players stepped away from the market during the summer holidays. At the end of the quarter, heading into the winter period, antifreeze demand increased as players prepared for increased demand. One source said that that antifreeze demand started to pick up earlier this year.
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.
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) 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.
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.