Ethylene Glycol: United States

摘要

Spot export MEG prices jumped 2.5 cents/lb higher on a sudden cracker outage at Williams' Louisiana plant. Spot ethylene shot up to 75 cents/lb, which could make MEG producers reduce rates to sell monomer, a trader said. "It depends on how long the outage lasts," another trader commented on whether the high ethylene price would force a change in glycol producers' production schedules. Until the situation on ethylene becomes more clear, spot barge offers were taken off the table.