Ethylene Glycol Asia

摘要

Asian monoethylene glycol took a roller coaster ride this weekamid concerns over production issues at Taiwan’s Nan YaPlastics. The benchmark CFR China assessment ended $66/mthigher week on week at $1,196/mt Friday, but not before seeinga $109/mt jump to $1,239/mt CFR China Wednesday from lastFriday. The weekly average was up $68.60/mt from last week to$1,190.60/mt CFR China. Between Monday and Wednesday,MEG prices were on a sharp uptrend as some marketparticipants wanted to take positions after Taiwaneseauthorities ordered Nan Ya to shut its MEG plant by June 1 fora safety probe.