European DEG March truck spot supply limitations keep prices firm, MEG market uncertainty peaks

摘要

LONDON (ICIS)--European di-ethylene glycol (DEG) truck availability for March is expected to remain tighter than MEG but crashing oil prices and nosediving Asia spot market levels unsettled the European market on Monday. EUROPE MEG MARKET REELING AFTER OIL CRASH, ASIA PLUMMET Monday morning shocked market players as oil plummeted on the collapse of a new OPEC+ crude production deal along with the gathering speed of the coronavirus outbreak.