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Economics :: Prices
Operating Problems Fuel Surge in EG Prices
11:41 AM MST | November 9, 2007 | Rebecca Coons
Ethylene glycol (EG) prices have climbed substantially since August, with fiber-grade contracts gaining 22 cts/lb, or 43%, and antifreeze-grade spot gaining 37 cts/lb, or 77%. “Availability is short and prices are at record highs because there have been significant operating problems at several key global suppliers’ plants,” a market source says. Dow Chemical declared force majeure for monoethylene glycol (MEG) and diethylene glycol (DEG) on October 11, citing an unplanned outage at its Seadrift, TX site (CW, Oct. 24, p. 8). The plant was...
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