Last week, U.S. monoethylene glycol (MEG) prices in the U.S. slipped as market participants absorbed signals showing August rates trailing those in Asia. A Polymerduniya source revealed that discounts hovered just under the triple-digit mark, influenced by a persistent supply disruption at a key production site. The disruption began in late July, and although repair efforts are underway, a full return to normal supply is expected to take a few more weeks, keeping caution strong among traders.
On Friday, MEG prices were assessed at 20.00–20.50 cents/lb FD US Gulf, reflecting a modest decline of 1.00 cent/lb week-on-week.
Meanwhile, Asian markets held steady. MEG was assessed at USD 520–525/mt CFR China and USD 530–535/mt CFR Southeast Asia, showing no change from the previous week.
This divergence underscores growing regional disparities as the U.S. market grapples with supply challenges, while Asia waits out summer doldrums with stable pricing.
