Ethylene Glycol: Europe

摘要

Despite the sharp sell-off in Asia last week, price action across the MEG-DEG complex was relatively rangebound during the past week, sources said. “There is stable demand for contractual volumes of MEG and DEG, while spot activity is quiet,” a producer said. In the MEG market, one Eastern European PET producer reported a 500 mt spot deal from another Eastern European producer earlier this week at Eur890/mt FD, adding: “Offers from NWE were at Eur920/mt FD, so they were not interesting.”