Ethylene Glycol Asia

摘要

Asian monoethylene glycol rose $10/mt week on week to be assessed at $1,069/mt CFR China Friday, driven by firmer Western crude oil futures and short covering amid a supply reduction from Saudi Arabia amid plant problems. October ICE Brent futures rose $0.62/barrel from the previous week to be assessed at $113.85/b at 4:30 pm Singapore time (830 GMT) Friday. A MEG supply cut from Saudi Arabia amid plant shutdowns prompted active shortcovering for prompt spot cargoes. Saudi Arabia's Eastern Petrochemical Company, or Sharq, shut its 700,000 mt/year No. 4 MEG plant in Jubail early this week due to an unidentified mechanical problem.