In the first half of April xxxx, Mono Ethylene Glycol (MEG) prices witnessed a diminishing trend on the global stage, influenced by several factors.
In the US market, MEG prices declined notably by x.xx during the first week of April, primarily due to lacklustre demand from domestic downstream sectors. Despite stabilized MEG upstream, Ethylene Oxide prices, subdued demand in industries like PET and Antifreeze further exacerbated the situation. Similarly, the German market saw a x.xx decrease in MEG prices, driven by lower production costs and feedstock prices. Despite this, MEG demand remained robust in the PET manufacturing sector, particularly during the Ester festival.
In the Asia-Pacific region, particularly in the Chinese market, the cost of mono ethylene glycol (MEG) experienced a slight decline of x.xx. This decrease in MEG prices can be attributed to ample inventory levels resulting from swift production rates and reduced feedstock prices,...
