The following types of data are available in the chart: About Ethylene Glycol. Ethylene glycol, also called ethane-1,2-diol, the simplest member of the glycol family of organic compounds. 2.3 Global Ethylene Oxide (EO) Average Price by Manufacturers (2014-2019) 2.4 Manufacturers Ethylene Oxide (EO) Production Sites, Area Served, Product Types 2.5 Ethylene Oxide (EO) Market Competitive Situation and Trends There was also mention of some material shipped from Saudi Arabia to Europe to cover shortages caused by the US outages. Shell’s EO/EG maintenance took place in September for six weeks. Ethylene Glycol is mainly employed in the production of PET bottle-grade resins and polyesters fibers, used, in turn, in the manufacture of textiles, tire cords, video tapes, and soft drink and water containers. Ethylene Glycol (a.k.a. Ethylene glycol prices across regions will be centered on the difference between MEG prices and naphtha prices. See a sample below or register for free to see much more. Quickly access data such as: ICIS brings you breaking chemical news as it happens – including market moves, analysis, data and more. It is a colorless, practically odorless, with low viscosity, hygroscopic liquid at room temperature. ensure that you can evaluate EG markets from every angle. The common name ethylene glycol literally means “the glycol derived from ethylene.” For such applications, Fiber Grade Ethylene Glycol is used, since high purity feedstock is necessary. Total monoethylene glycol capacity in Iran, 2019 Iran: production in 2014-2019 Iran: consumption in 2014-2019 Trade operations in Iran in recent years Monoethylene glycol prices in Iran in recent years Total monoethylene glycol capacity in Kuwait, 2019 Kuwait: production in 2014-2019 Chart Description. Downstream PET demand was better than antifreeze or coolant demand during Q3. MEGlobal is a fully integrated supplier of monoethylene glycol (MEG) and diethylene glycol (DEG), collectively known as ethylene glycol (EG). Final: Calculations done utilizing official statistics. However, the pandemic has kept PET demand strong since late March and could remain strong until a coronavirus vaccine is available and end-consumers’ buying behaviour returns to normal. Table: Arrangement of data in rows and columns. * Due to active EG trading in Asia, daily reports are available for our Asian coverage. MEG supply is expected to loosen as importers were looking to Asia to source material to alleviate some of the pressure cause by the lack of US imports. Our locally based experts provide in-depth regional price reports into specific chemical markets. The global production was dominated by Asian countries which accounted for 15.1 million tons from the total production. It is mainly used for two purposes, as a raw material in the manufacture of polyester fibers and for antifreeze formulations. Interested to find out how we derive our prices? Get a long-term view of the market with ICIS Supply and Demand Data Service, which offers end-to-end perspectives of the EG markets. 2.3 Analysis of Competitive Landscape. San Antonio, TX 78258-4946, Copyright © 2002-2020 Intratec Solutions, LLC. With the onset of winter, antifreeze demand for MEG is likely to increase, as is demand for TEG as a dehydrating agent to prevent natural gas pipes from freezing. We use cookies to improve the performance of our site, to analyse the traffic to our site, and to personalise your experience of the site. Other applications of Ethylene Glycol are as humectant, plasticizer, softener, hydraulic fluid, and solvent. Customers around the world take advantage of our more than 70 years of global experience and expertise in the development, manufacturing, supply and marketing of EG. Demand into PET is expected to decline on seasonality with the approach of colder weather. Subscribers to our Commodity Price Database have access to Ethylene Glycol and as many as 217 other commodities prices across several countries from main world regions. About 32% of these are Alcohol & Hydroxybenzene & Ether, 0% are Syntheses Material Intermediates, and 0% are Pharmaceutical Intermediates. All Rights Reserved. If demand for high-purity EO derivatives such as cleaning and hygiene products continues, producers could divert the feedstock away from less profitable glycols and this could constrain EG supply. 2.3.1 Manufacturers Market Concentration Ratio (CR5 and HHI) 2.3.2 Key Ethylene Oxide and Ethylene Glycol Manufacturers. The surprise default that threw China’s corporate bond market into turmoil last month can be traced to massive, unprofitable investments a decade ago in ethylene glycol, a toxic but useful industrial chemical that Chinese factories consume in vast quantities.. ethylene glycol diacetate and unsaturated polyester resins. Chart images may be downloaded as JPG or PNG files*. Idled capacity and force majeures affected nearly two-thirds of US EG capacity, leaving little or no spot capacity and even contractual volumes were diminished. MEG imports fell on lower demand, which led to less balanced supply in summer. Gain quick access to data on import and export volumes, plant capacities, production, product trade flows, companies and route. Downstream demand will slow down with the approach of the year-end lull season. There were no plans heard in Asia and the Middle East to increase production, given the weak margins. As coronavirus cases rise and restrictions tighten, there is uncertainty across many commodity markets. 3.3.1 Dow Mono Ethylene Glycol (MEG) Shipments, Price, Revenue and Gross profit 2014-2018 3.3.2 Dow Mono Ethylene Glycol (MEG) Business Distribution by … Many polyester producers were covered by their contract supply and hence, they were not keen to purchase cargoes in the spot market. 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Ethylene Glycol Price - Select 2020 high quality Ethylene Glycol Price products in best price from certified Chinese Ethylene Glycol Monobutyl Ether manufacturers, Tri Ethylene Glycol suppliers, wholesalers and factory on Made-in-China.com Sellers are still dealing with high production costs and poor contract margins. Our Pricing Methodology: ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising of consumers, producers, traders and distributors from more than 250 reporters worldwide. Asia holds a prominent share in … However, moving into September, demand increased amid the peak manufacturing season and pre-holiday restocking activities. Consultation paper GMC14/19 is part of this formal process and covers all of the ICIS primary price points included in the ethylene glycol weekly publications.Ethylene-Glycol-Methodology-Consultation-2019 Summary of responses ICIS received 3 responses and this summary takes into account all of […] By subscribing to Commodity Price Database, you have access to an online, multifunctional price database covering prices for Ethylene Glycol and 217 other commodities, including historical data dating back to 2007 and forecasts. The world MEG production capacity for the year 2016 was 34.8 million tons. Derivatives. The ethylene glycol price 2019 for the US: Prices in August 2019 continued to witness a rollover on M-o-M basis, due to the long supply and the lower demand from the PET segment. Propylene glycol (IUPAC name: propane-1,2-diol) is a viscous, colorless liquid, which is nearly odorless but possesses a faintly sweet taste.Its chemical formula is CH 3 CH(OH)CH 2 OH. In late August, Hurricane Laura shut down production in Louisiana, tightening supply to crisis levels. Ethylene Glycol is also used as base compound of antifreeze/coolant formulations. Intratec provides Ethylene Glycol prices in several countries, as follows: Chart: Graphical representation of the data – you must hover the mouse over the price series to view the respective values plotted. Ethylene Glycol is also used as base compound of antifreeze/coolant formulations. Global Ethylene Glycol Sales Growth by Type (2015-2020) (K MT) Figure 85. Supply was tight starting in early August, as several producers prepared for planned maintenance and another took its volumes out of the domestic market. It is employed in automobile radiators, solar energy units, heat pumps, water heating systems, and industrial cooling systems. Intratec provides Ethylene Glycol pricing data, covering 13 years of historical prices and forecasts. Methodology. In the second half of yesterday, November 26, negotiations on the sale of MEG in the region were in the range of USD670-675 per ton, CFR CMP (main port of China), with some lower price values of approximately USD660 per ton, CFR CMP. Ethylene glycol (IUPAC name: ethane-1,2-diol) is an organic compound with the formula (CH 2 OH) 2. Check all the reports, tools and online databases currently offered by Intratec approaching . A glycol is an alcohol with two hydroxyl groups on adjacent carbon atoms (a 1,2-diol). Monoethylene Glycol, MEG) is an organic compound, more specifically a diol (a chemical compound that contains two hydroxyl groups). Following Hurricane Laura in August, a third of US capacity was struck down, leading to tighter availability in Europe. Mono-Ethylene Glycol Production Capacity by Region. Data tables may be downloaded as non-printable PDF* or Excel files**. Figure 82. 2.1.2 Global Ethylene Oxide and Ethylene Glycol Production 2014-2025. Sales Market Share of Ethylene Glycol … Ethylene glycol: sales value in the United Kingdom (UK) 2011-2019 Production volume of ethylene in South Korea 2009-2019 U.S. ethylene … Containing two alcohol groups, it is classed as a diol.It is miscible with a broad range of solvents, including water, acetone, and chloroform.In general, glycols are non-irritating and have very low volatility. In September, some market players were caught offguard as the market switched dramatically over summer and spot prices soared on lack of availability and reduced imports in the wake of Hurricane Laura. Confirmed deals, verified by both buyers and sellers, provide the foundation of our price assessments. Boosted by high demand and soaring ethylene glycol prices, many major Chinese coal companies rushed into the sector over the past decade. Commercial Grades. Supply may face a further decline amid the heavy plant turnarounds in Asia and the Middle East. Speak to ICIS. From there, it was a slow and steady march upward to 23 cpp in mid-September. Intratec provides Ethylene Glycol prices in several countries, as follows: Note 1. Ethylene glycol refers to a transparent and slightly viscous chemical compound that is commonly used as an industrial coolant and antifreeze. The Global 5 and 10 Largest Players: Market Share by Ethylene Glycol Butyl Ether Revenue in 2019 Figure 16. It is in fact the simplest diol and a major chemical commodity that, like other glycols, undergoes reactions common to monohydric alcohols forming esters, acetals, ethers, and similar products. Demand for DEG into UPR and PU systems picked up just as supply became constrained. For such applications, Fiber Grade Ethylene Glycol is used, since high purity feedstock is necessary. Indexes for adjusting the construction cost of Ethylene Glycol plants from one time period to another, covering 36 countries. It is in fact the simplest diol and a major chemical commodity that, like other glycols, undergoes reactions common to monohydric alcohols forming esters, acetals, ethers, and similar products. Uses. Choose ICIS for concise information and easy-to-assess formatting, all delivered straight to your inbox. The pricing data presented are, if not otherwise indicated, volume-weighted average transaction prices including contract and spot transactions in the locations specified. An aluminium can shortage also helped prop up PET-bottled drinks, in the absence of travel and large events that contribute to peak summer demand. (**) Available only to subscribers of 'Business' plans. Stay on top of ethylene glycol (EG) markets across all regions with ICIS news. Our Commodity Price Database present: Formats. Also known as ethane-1,2-diol, it has a mild … US spot ethylene was assessed for the week ended on Friday at 12.000-12.500 ($265-276/tonne) cents/lb, compared with 13.125-14.250 cents/lb in the previous week. Views. With historical data from 1978 and forecast available up to 2040, this powerful data and analytics service from ICIS helps senior management, strategists, business planners, analysts and risk managers to: Working closely with you to understand your strategies, challenges and ambitions, the consulting team at ICIS delivers tailored advice and solutions to suit your unique requirements. Polyester producers may lower operations further on slowing sales and rising inventories. Port inventories in China may drop amid an anticipated fall in imports in Q4. Ethylene Glycol Butyl Ether Market Share by Company Type (Tier 1, Tier 2 and Tier 3): 2015 VS 2019 Figure 17. Data may be presented in the following formats: (*) Available only to subscribers of 'Pro' or 'Business' plans. The arbitrage window between Asia and Europe opened in August, which tightened the supply in Asia after large quantities of cargoes were moved to Europe. Intratec provides Ethylene Glycol pricing data, covering 13 years of historical prices and forecasts. Supply should recover in November, as plants restart from planned and unplanned shutdowns. Eastman increases GLYCOL ETHERS and GLYCOL ETHERS ESTERS prices on Oct. 01, 2019 Page Content KINGSPORT, Tenn., Sep. 20, 2019 - Eastman Chemical Company is increasing prices on the following products Oct. 01, or as contracts allow. For further details check our Methodology. Monitor Prices for Ethylene Glycol and other 217 Commodities. Furthermore, the falling imports from the US and India also lent some support to prices. Global Ethylene Glycol Diacetate (EGDA) Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Ethylene Glycol Diacetate (EGDA) industry. ethylene glycol diacetate and unsaturated polyester resins. Singapore — Monoethylene glycol prices are expected to come under further downward pressure in the first half of 2020 as additional capacity comes on stream, ... ethylene- and coal-based MEG respectively over January-October, Platts data showed. HOUSTON (ICIS)–US ethylene spot prices slumped this week on the back of long supply and soft sentiment, causing a unit to be shut down due to poor margins. Polyester producers had also cut operations amid rising cost pressure and polyester inventories. Production in Q3 fell as regional producers reduced operations to cope with poor margins. Figure 15. Key trading prices: Spot/contract, import, export, domestic prices for different types of EG – monoethylene glycol (MEG), triethylene glycol (TEG) and diethylene glycol (DEG) Price alerts and market updates: Shifts in prices, breaking news, market developments and changes to regulations and demand trends Plant data: Production and capacity, plant maintenance and shutdowns With many years of experience in guiding business leadership teams, we show you how market conditions can make a positive or negative impact on your long-term plans. Get the latest data, tools and insight for various ethylene glycol (EG) by-products – monoethylene glycol (MEG), triethylene glycol (TEG) and diethylene glycol (DEG) – with ICIS pricing and market intelligence. Reference price of Ethylene Glycol (EG) is 615.319USD/MT, up 0.74% from … A short turnaround at BASF’s Antwerp EO/EG facility is expected to take place in end-October. Spot prices rose well above contract levels. It is employed in automobile radiators, solar energy units, heat pumps, water heating systems, and industrial cooling systems. Downstream antifreeze demand typically picks up during the colder months but was heavily hit during April or May during automotive manufacturer shutdowns and is still recovering. The pandemic has increased takeout and packaged meal consumption, sustaining strong demand for downstream PET film, as well as bottles used to package in-demand cleaning supplies. industrial grade (99.5% minimum purity); antifreeze grade (98% minimum purity); and fiber grade (99.8% minimum purity). You can filter a given series by clicking on the respective legend label, right above the chart. Buying activities from converters may tilt slower amid the coronavirus-hit demand. for Ethylene Glycol in US$ Million by Application: 2020 to 2027 Table 131: Rest of Asia-Pacific Ethylene Glycol Market in US$ Million by Application: 2012-2019 It is a colorless, practically odorless, with low viscosity, hygroscopic liquid at room temperature. Monoethylene glycol prices in Venezuela in recent years. Ethylene Glycol is mainly employed in the production of PET bottle-grade resins and polyesters fibers, used, in turn, in the manufacture of textiles, tire cords, video tapes, and soft drink and water containers. 21750 Hardy Oak Blvd Suite 104 Make better business decisions by using our powerful analytics tools to gain a 360 degree view in today’s ethylene glycol markets. Figure Sales and Growth Rate Analysis of Clariant. It is an odorless, colorless, sweet-tasting, viscous liquid. To know more about Ethylene Glycol production processes, click here. 3.2.1 Ethylene Oxide and Ethylene Glycol Revenue by Manufacturers (2014-2019) 3.2.2 Ethylene Oxide and Ethylene Glycol Revenue Share by Manufacturers (2014-2019) 3.3 Ethylene Oxide and Ethylene Glycol Price by Manufacturers; 3.4 Mergers & Acquisitions, Expansion Plans; 4 Ethylene Oxide and Ethylene Glycol Production by Regions Monoethylene Glycol Market Report and Price Trend MEG Highlights from 07 Dec,2020 - 18 Dec,2020 In Asia, MEG prices went up during the last fortnight due to lift in buying inquiries in the region. Ethylene glycol (C2H6O2) is a thick, non-volatile liquid diol that is produced from ethylene oxide. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2015 to 2019. Middle East supply is said to be tight due to cracker feedstock limitations. China Factory Supply CAS 107-21-1 Mono Ethylene Glycol with Reasonable Price Preliminary: Estimates based on non-consolidated data, which will be recalculated/revised as consolidated data become available. The turnaround season in the US is also expected to see falling exports to Asia. The global ethylene glycol market is expected to post a CAGR of almost 4% during 2019-2023, according to Technavio. You can control cookies through your browser settings. /analysis/ethylene-glycol-production-cost. industrial grade (99.5% minimum purity); antifreeze grade (98% minimum purity); and fiber grade (99.8% minimum purity). Downstream polyester demand in China slowed down in July and August amid the traditional off-peak season. Prices got up to 15.5 cpp by mid-July, but eased to 14 cpp August. Client Success on clientsuccess @ icis.com, Ethylene Glycol production processes, here! ) Figure 85 during 2014-2019 from there, it was a slow and steady march upward to 23 in... 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