IHS Chemical Week

Economics :: Prices


7:46 AM MDT | March 31, 2008 | Chemical Week Editorial Staff

Prices U.S.: 55 cts/lb del March (fiber-grade) EUROPE: €951/m.t. del February (fiber-grade) ASIA: $1,260/ton CFR (contract price) Outlook Ethylene oxide-ethylene glycol (EO-EG) markets are headed for an oversupply by year-end, says Doug Rightler, consultant at PCI Xylenes and Polyesters (Guilford, U.K.). Capacity additions in the Mideast, and to a lesser extent Asia, will increase global EO and EG capacity by 1.7 million m.t./year and 2.4 million m.t./year, respectively, by year-end, PCI says. Delays at several Mideast projects created a grace period of...

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