Europe Ethylene Glycol

摘要

European monoethylene glycol prices held steady for the second consecutive week, at Eur700/mt FCA NWE and Eur680/mt CIF NWE, respectively, as sellers were unwilling to lower offers to incentivize demand. Sellers said they expected PET demand to be triggered by warm weather. Stability in offers was also drawn from the turnaround season. The maintenance season in the glycols chain will be concentrated in the second quarter; five major EO/MEG plants are set to undergo maintenance in the March-June period.