Mono Ethylene Glycol (MEG) Coolant Outlook

First quarter 2017, the MEG market saw spot prices reaching the highest level since 2015

Market Drivers

•  Mono Ethylene Glycol (MEG) is a volatile commodity and prices vary subject to product availability.
• Polyethylene terephthalate (PET) used for plastic bottles and Polyester for the textile industry is the biggest user of MEG and the main market driver of MEG prices.
•  Antifreeze/Coolant is a much smaller consumer of MEG by comparison.
• Europe and Asia are net importers of MEG, importing from America and Russia who produce more MEG than their domestic market demands.
•  Combination of market demands across different industries and product importations affect market pricing for MEG.
•  ICIS Tracker report reflects MEG pricing across industries worldwide.

Click here to read the full MEG Market report. 

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