MEG prices move higher in the U.S. on supply tightness

Last week, MEG prices rose in the United States.

An sector source in the U.S. informed a Polymerupdate team member, “U.S. MEG prices climbed as limited product availability and low inventories provided market support. Producers maintained firm offers despite largely balanced demand. Market sentiment remained cautiously positive, with participants expecting prices to stay supported if supply remains tight and feedstock costs hold steady.”

MEG prices were assessed at 25.00–25.50 cents/lb FOB US Gulf, up (+0.50 cents/lb) from the previous week.

Meanwhile, in Asia, CFR China MEG prices were assessed at USD 580–585/mt, week-on-week down USD (-5/mt), while CFR Southeast Asia MEG prices were assessed at USD 580–585/mt, reduce by USD (-100/mt) from the previous week. Asian MEG prices weakened amid subdued buying interest and cautious downstream demand from the polyester sector. Asian MEG prices weakened amid subdued buying interest and cautious downstream demand from the polyester sector. Ample supply and softer futures trading added pressure to the market, prompting buyers to limit purchases to immediate needs.

U.S. propylene spot prices gain on firmer energy values

Polyvinyl chloride (PVC) prices continue to be stable in the GCC

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MEG prices move higher in the U.S. on supply tightness

U.S. propylene spot prices gain on firmer energy values

Polyvinyl chloride (PVC) prices continue to be stable in the GCC

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