Ethylene Glycol: Europe

摘要

European monoethylene glycol spot prices eased this week on reduced operating rates downstream, according to industry sources. Polyethylene terephthalate producers scaled back operations amid nervousness about end-user demand despite high season for its applications. "We can also see cautiousness from PET producers on contractual offtake," one MEG producer said. In the MEG spot market, two sources reported hearing a deal at Eur830/mt FOB for T2 material, non-European product; CIF values were pegged at Eur840-850/mt for NWE.