Mono Ethylene Glycol (MEG) Prices, News, Database, Trend | ChemAnalyst

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Mono Ethylene Glycol (MEG) Prices Overview
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Market Overview Quarterly Update on Global MEG
Market Asia   Asian MEG market witnessed record
breaking high supported by strong polyester
demand and tightened inflow of cargoes from the
US. Prices of Asian MEG reached a steep high in
nearly six months with several production cuts
implemented due to high MEG-Naphtha spread. A
renowned producer of South Korea delayed the
start-up of its plants from a maintenance
turnaround due to eroded product margins. Get
more info https//www.chemanalyst.com/Pricing-da
ta/mono-ethylene-glycol-4
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Mono Ethylene Glycol (MEG) Prices Overview
E-mail info_at_chemanalyst.com website
www.chemanalyst.com/
As US is the major exporter of MEG to Asia,
multiple plant shutdowns implemented in wake of
Hurricane Laura further exacerbated this supply
tightness. However, with new plants coming
onstream in China by the next quarter, ample
production of MEG is anticipated to weigh upon
its strong market sentiments. North
America   With revival of the market
fundamentals in the automotive industry after
getting a huge blow from pandemic and lockdowns,
the demand for MEG has witnessed promising gains
in the third quarter. However, the production
cuts implemented in many MEG plants in the
country in fear of Hurricane Laura has plummeted
the export potential of the region leading to
comparatively lower revenues in the comparison to
the previous quarter. Traders are optimistic over
increased buying activities from eastern
countries on stock piling of product to abate the
supply shortage due to Chinas National Day
holiday in October. How we can
help ChemAnalyst addresses the key problematic
areas and risks associated with chemical and
petrochemical business globally and enables the
decision-maker to make smart choices. It
identifies and analyses factors such as
geopolitical risks, environmental risks, raw
material availability, supply chain
functionality, disruption in technology and so
on. It targets market volatility and ensures
clients navigate through challenges and pitfalls
in an efficient and agile manner. Timeliness and
accuracy of data has been the core competency of
Chemanalyst, benefitting domestic as well as
global industry in tuning in to the real-time
data points to execute multi-billion dollar
projects globally.
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Mono Ethylene Glycol (MEG) Prices Overview
E-mail info_at_chemanalyst.com website
www.chemanalyst.com/

• Methodology
• ChemAnalyst gathers information through primary
  research surveys conducted with various MEG
  manufacturers, spread across domestic and
  international market, suppliers and
  dealers/distributors to gain insights
  into value-chains and demand-supply scenario to
  assess the market situation. Thorough study of
  companys annual reports and secondary sources
  such as exhaustive search on credible paid
  databases, including our internal database is
  done to verify the information. All the collected
  information is analyzed, evaluated and presented
  in chronological order to depict a meaningful and
  clear picture of the concerned market.
• Our dedicated team of industry experts
  comprehensively monitors and analyzes various
  aspects of the Global MEG market. The team
  analyzes various industrial segments, strategic
  viewpoints and provides an analysis of the
  industrys performance in the long run. This
  would enable our clients in efficiently plan
  their future investments, mitigate risk,
  understand the cost dynamics and strike out a
  balance amidst market volatility.
•  
• Critical examination of the impact of COVID-19
  pandemic on the global supply chains and shift in
  demand patterns with change in buying behavior of
  consumers across the globe.
•  
• Several ongoing development projects across
  industries are tracked, followed by the details
  of major projects in the development stage, which
  can positively or negatively influence Global MEG
  market.
•  
• Pricing is captured through exhaustive primary
  interviews with domestic and international
  manufacturers, traders and importers and
  customers on daily, weekly, monthly and yearly
  basis.
•  
• Finally, region-specific markets for MEG are
  analyzed and region-wise demand pattern is
  tracked.

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Mono Ethylene Glycol (MEG) Prices Overview
E-mail info_at_chemanalyst.com website
www.chemanalyst.com/
About Mono-Ethylene Glycol (MEG) is a highly
demanded industrial chemical offering properties
like supreme tenacity, high durability and
hydrophobic nature. MEG can be utilized as a
feedstock for industrial process and as well as
an ingredient for manufacturing a wide range of
products. MEG is primarily used for plastic
packaging in cosmetics, pharmaceuticals, and food
and beverage industry. It is a major compound for
manufacturing of polyester films and fibers and
Polyethylene Terephthalate (PET). Other
significant applications of MEG owing to its
desirable physical properties include its usage
as a coolant, antifreeze agent, hydrate inhibitor
and heat transfer agent. The product is commonly
prepared by utilizing Ethylene via Ethylene Oxide
with the release of two co-products, Diethylene
Glycol (DEG) and Triethylene Glycol (TEG). Other
feedstocks such as natural gas, glycerin, coal
and bioethanol can also be utilized under desired
process conditions to manufacture MEG. The demand
for MEG is majorly driven by the macro-economic
factors and fluctuation in fundamental of the
downstream polyester industry.