The recent surge in monoethylene glycol prices came to an end last week, as market activity slackened amid limited availability and buyers' hopes that prices will ease. Spot prices were assessed Friday at Eur950/mt ($1,010/mt) FCA NWE and ...
Tags: glycol, diethylene glycol, feedstock EO
China's surprise devaluation of the yuan on Tuesday, when the country's central bank set the official value of the renminbi about 2% weaker against the dollar, has not hit the petrochemicals complex in a significant way, industry ...
Tags: polymer, carbide PVC
"Pricing is always determined by market forces. In terms of value creation, MEG prices are a bargain today. However, MEG has been one of the most attractive ethylene derivatives in the last five years,” says a senior official of a ...
Tags: MEG Prices, Bargain, Textile
MEGlobal on Thursday nominated its May Asia Contract Price for monoethylene glycol at $1,100/mt CFR main port, unchanged from April, according to a notice to buyers provided by the company. The price reflected "the short-term ...
Tags: MEGlobal, MEG prices
High inventories have pushed the spot price of monoethylene glycol in China to the lowest level seen since July 2012, Platts data showed Tuesday. Weakness in the domestic market pressured down the import price of MEG to $916/mt CFR China ...
Tags: MEG Prices, Domestic Market
Indian polyester yarn makers witnessed a sharp drop in their bottom-line during second quarter ended September 2013, hit by rise in prices of raw materials such as Purified Terephthalic Acid (PTA) and Monoethylene Glycol (MEG), which the ...
Tags: polyester yarn, High Raw Material
Mono Ethylene Glycol (MEG) is a commodity product and used as feedstock in polyester industries and PET bottle industry. As such, the market for MEG generally moves in line with the polyester industry, especially in China where the need ...
MEGlobal told customers Friday its North American benchmark price for monoethylene glycol would rise to 62 cents/lb in January, a 2 cents/lb increase over its December level, according to sources. On Thursday, Indorama Ventures informed ...
Tags: MEG benchmark, Chemicals, monoethylene glycol, MEG
Paraxylene (PX) prices went down in the Asian market. In S E Asian region, PX prices declined in the range of US$ 1515/ton to US$ 1520/ton. In F E Asian market, PX prices were offered at US$ 1500/ton. PX imported from Taiwanese market ...
Tags: PX price, PTA price, PSF price, Paraxylene prices