The price of Mono Ethylene Glycol (MEG) has experienced a rising trend in the global market in January xxxx, due to high production costs, logistic charges, and chaotic stock management after the recent global supply disturbances. The US MEG market has seen an upsurge of more than xxx throughout January. On the other hand, the freezing cold in a major part of the USA has been a critical point in the swelling of MEG prices due to the shutdown of chemical manufacturing plants experiencing freezing cold during the timeframe. The freezing cold temperatures gripping the United States have ushered in a series of challenges for the country&#xx;s manufacturing sectors. Manufacturing companies like Nan YA Plastic Corporation and Sasol Chemical Company were forced to shut down production units due to freezing cold weather.
The closure of manufacturing plants disrupts the supply flow, leading to a shortage of goods....
