PODCAST: MEG global markets deal with fallout from US Gulf production disruption after ice storm
Melissa Hurley
25-Feb-2021
LONDON (ICIS)–Global monoethylene glycol (MEG) markets deal with fallout from US storms in February, causing all glycol suppliers to declare force majeure.
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- Asia prices increase to the highest level in over two years
- European concerns over March and April imports, spot prices rise
- Asia MEG rises by over 5% on short supply, strong buying
- US water treatment plants shut for over a week, driving bottled water demand
Additional reporting by Cindy Qiu, Judith Wang and Antoinette Smith.
Click here to view the US Gulf Coast polar storm topic page
MEG is primarily used in the production of polyethylene terephthalate (PET) bottle resins, polyester fibres and films. MEG is also used in the production of automotive anti-freeze and coolants.
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