Mono Ethylene Glycol (MEG) prices showed the mixed price trend in the key global markets during the early half of May xxxx. Regional supply demand conditions and the shift in trade conditions, shaped the market dynamics.
In the United States market, MEG prices experienced a bearish trend during the early half of the month with a gradually declining on weekly basis. MEG prices fell by xx.xx during the first half of the month and reached USD xxx/MT FOB US Gulf, during the week ending May xx, xxxx. Over inventory, sluggish demand conditions and the softness in the global crude oil market were the major factors, shaping the MEG price trend.
Amidst the elevated trade tension and due to the impact of tariff imposition on China, export market conditions influenced significantly. China is a major MEG importer...
