12/03/2019: Dow confirms it adjusted its TEG contract price up 5 cts/lb effective December 1st or as contracts allow.
11/27/2019: Indorama confirms it will lower its US MEG benchmark 2 cts/lb to 47 cts/lb and drop its DEG posted price 1 ct/lb to 56 cts/lb on December 1st. The company will rollover its TEG posted price of $1.25/lb next month.
11/25/2019: MEGlobal will lower its US MEG benchmark 2 cts/lb to 30 cts/lb and drop its DEG benchmark 1 ct/lb to 31 cts/lb effective December 1st.
11/21/2019: US propylene contract prices are reportedly settling down 2.5 cts/lb for the month of November which would put polymer grade at 35 cts/lb and chemical grade at 33.50 cts/lb. The decrease will reportedly drop monomer based contract MPG prices roughly 1.5 cts/lb.
11/11/2019: MEGlobal confirms it will lower its MEG Asian Contract Price (ACP) benchmark $30/mt to $710/mt effective December 1st.
10/16/2019: MEGlobal confirms its first shipment from the new 750,000 mt/yr Oyster Creek plant in Texas left the site this morning.
10/16/2019: In a letter to US customers dated yesterday Equistar confirmed it will raise MEG prices 1 ct/lb and DEG 2 cts/lb effective November 1st.
10/16/2019: Indorama confirms it will raise its US MEG benchmark 1 ct/lb to 49 cts/lb, its US DEG benchmark 2 cts/lb to 57 cts/lb and its US TEG benchmark 2 cts/lb to $1.25/lb effective November 1st.
10/15/2019: MEGlobal will raise its US MEG benchmark 1 ct/lb to 32 cts/lb and adjust its DEG benchmark up 2 ct/lb to 32 cts/lb effective November 1st.
10/10/2019: MEGlobal confirms it will raise its MEG Asian Contract Price (ACP) benchmark $10/mt to $740/mt effective November 1st.
09/19/2019: In a letter to customers dated September 17th Dow Chemical confirms it will raise off-list TEG prices in North America 2 cts/lb on October 1st or as contracts allow.
09/18/2019: Today Dow Chemical confirmed it will raise off-list PGI, PGUSP, DPG and TPG prices in North America US 4 cts/lb effective October 15th or as contracts allow.
09/17/2019: Following the well-publicized attack on Saudi Arabia’s oil production facilities (which would ostensibly impact ethane production and ultimately MEG production) traders reported MEG spot prices CFR CMP surging to new highs near $640/mt overnight. Within the Americas export oriented netbacks to the USG are also trending higher.
09/16/2019: In a letter to customers today Equistar confirms it will raise US MEG and TEG prices 2 cts/lb effective October 1st.
09/16/2019: This morning Indorama confirmed it will raise its US MEG transactional price 1 ct/lb to 48 cts/lb and rollover its DEG and TEG benchmarks of 55 cts/lb and $1.23/lb respectively effective October 1st.
09/09/2019: MEGlobal confirms it will raise its MEG Asian Contract Price (ACP) $20/mt to $730/mt effective October 1st.
09/06/2019: Regional sources report European MEG contract settlements for September down Euro 29/mt at Euro 606/mt.
08/28/2019: Indorama confirms it will rollover its US MEG, DEG and TEG benchmarks of 47 cts/lb, 55 cts/lb and $1.23/lb respectively effective September 1st.
08/28/2019: MEGlobal confirms it will lower its US MEG benchmark 1 ct/lb to 31 cts/lb and also drop its DEG benchmark 1 ct/lb to 30 cts/lb effective September 1st.
08/12/2019: This morning MEGlobal confirmed it will carry forward its existing MEG Asian Contract Price (ACP) of $710/mt effective September 1st.
08/08/2019: This morning Indorama Ventures announced it will acquire Huntsman’s integrated EO and PO business including downstream glycols. The deal is expected to close by Q4 of this year.
07/26/2019: Indorama confirms it will lower its US MEG transactional price 1 ct/lb to 47 cts/lb and rollover its DEG and TEG prices of 55 cts/lb and $1.23/lb respectively on August 1st.
07/25/2019: Customers report MEGlobal will drop its US MEG benchmark 1 ct/lb to 32 cts/lb on August 1st.
07/12/2019: As of today most producers contacted confirmed plants in Louisiana and East Texas are prepared for rain and wind associated with the approaching tropical storm due to make landfall this weekend, but there are no reports of any preemptive shutdowns. The ports of New Orleans and Lake Charles did reportedly shut today ahead of the storm.
07/11/2019: MEGlobal confirms it will carry forward its MEG Asian Contract Price (ACP) of $710/mt on August 1st.
07/10/2019: Distributors confirm receiving notice of possible disruptions due to potential flooding in Louisiana in the coming days with the approach of Hurricane Barry. Meteorologists predict as much as 18 inches of rain could fall through the weekend which could impact production facilities and terminals.
06/28/2019: Indorama will carry forward its US MEG transactional price of 48 cts/lb as well as its US DEG transactional price of 55 cts/lb on July 1st. It will lower its US TEG transactional price 5 cts/lb to $1.23/lb next month. Huntsman will rollover its US MEG posted price of 31 cts/lb and its DEG posted price of 34 cts/lb while lowering its TEG posted price 5 cts/lb to 57 cts/lb next month.
06/27/2019: MEGlobal confirms they will carry forward their US MEG benchmark of 33 cts/lb on July 1st. The US DEG benchmark will decline 1 ct/lb to 31 cts/lb next month.
06/25/2019: US propylene contract prices reportedly settled down 3.5 cts/lb for June putting chemical grade at 35 cts/lb and polymer grade at 36.50 cts/lb.
06/10/2019: MEGlobal confirms it will roll its MEG Asian Contract Price (ACP) of $710/mt on July 1st.
05/31/2019: Indorama will lower its US MEG benchmark 3 cts/lb to 48 cts/lb and drop its DEG benchmark 2 cts/lb to 56 cts/lb effective June 1st. Its TEG benchmark of $1.28/lb will not change.
05/28/2019: MEGlobal confirms it will lower its US MEG benchmark 4 cts/lb to 33 cts/lb and drop its DEG posted price 2 cts/lb to 32 cts/lb effective June 1st.
05/15/2019: In letters dated today Lyondell and Huntsman announced raising off-list MPG, DPG and TPG prices by US 5 cts/lb effective June 1st.
05/14/2019: MEGlobal confirms it will lower its MEG Asian Contract Price (ACP) $90/mt to $710/mt effective June 1st.
05/08/2019: This morning Dow Chemical confirmed it will raise off-list MPG, DPG and TPG prices in North America US 5 cts/lb effective June 1st.
05/02/2019: Sources close to the company report Sasol has successfully started up its new EO/EG plant in Lake Charles. In other news the Indorama unit at Clear Lake is also running as of last weekend.
04/15/2019: MEGlobal confirms it will lower its MEG Asian Contract Price (ACP) $40/mt to $800/mt effective May 1st.
03/17/2019: Indorama confirms it will raise its US MEG transactional price 1 ct/lb to 51 cts/lb April 1st. It will carry forward existing DEG and TEG prices.
03/15/2019: MEGlobal will raise its US MEG benchmark 1 ct/lb to 37 cts/lb and move DEG up 2 cts/lb to 34 cts/lb effective April 1st.
03/11/2019: This morning MEGlobal confirmed it will raise its MEG Asian Contract Price (ACP) $10/mt to $840/mt effective April 1st.
02/27/2019: MEGlobal confirms it will roll over its existing MEG benchmark of 36 cts/lb and lower its DEG posted price 2 cts/lb to 32 cts/lb effective March 1st.
02/14/2019: MEGlobal confirms it will raise its MEG Asian Contract Price (ACP) $20/mt to $830/mt effective March 1st.
02/07/2019: Regional sources report European MEG contract settlements for February down Euro 30/mt at Euro 760/mt effective February 1st.
01/31/2019: Several customers confirm MEGlobal will lower its US MEG benchmark 5 cts/lb to 36 cts/lb and drop its DEG benchmark 6 cts/lb to 34 cts/lb effective February 1st.
01/10/2019: MEGlobal confirms it will lower its MEG Asian Contract Price (ACP) $90/mt to $810/mt effective February 1st.
01/08/2019: Regional sources reported the European MEG contract price was settled down Euro 100/mt for December and Euro 35/mt for January which puts the marker at Euro 790/mt this month.
12/30/2018: MEGlobal confirms it will lower its US MEG benchmark 3 cts/lb to 41 cts/lb and drop DEG by 4 cts/lb to 40 cts/lb effective January 1st.
12/29/2018: Sources in China report spot MEG prices hovering near $625/mt CFR CMP for prompt arrivals after inventories rose to roughly 840kmts.
12/16/2018: On Friday Dow Chemical announced it will raise off-list PGI, PGUSP, DPG and TPG prices in the US and Canada US 4 cts/lb effective January 1st.
12/10/2018: This morning MEGlobal announced a decrease of its MEG Asian Contract Price (ACP) $50/mt to $900/mt effective January 1st.
12/04/2018: Traders report MEG spot prices in China recovering to $730/mt or more in the last two days, providing a near term floor in the US spot market with barge and export offers back above 30 cts/lb FOB USG.
11/30/2018: MEGlobal will drop is MEG benchmark 5 cts/lb to 44 cts/lb and its DEG benchmark 6 cts/lb to 44 cts/lb effective December 1st.
11/30/2018: Indorama will lower its MEG benchmark 5 cts/lb to 55 cts/lb, drop its DEG posted price by 5 cts/lb to 60 cts/lb and rollover its TEG price of $1.28/lb effective December 1st.
11/14/2018: Sources report initial US propylene contract settlements down 10 cts/lb which would put chemical grade at 48.50 cts/lb and polymer grade at 50 cts/lb for October.
11/13/2018: MEGlobal confirms it will lower its MEG Asian Contract Price (ACP) $150/mt to $950/mt effective December 1st.
11/13/2018: Shell Lubricants will raise antifreeze concentrate prices 45 cts/gal and 50/50 by 30 cts/gal effective November 30th or as contracts allow.
11/01/2018: Indorama confirms it will lower its transactional MEG price 2 cts/lb to 60 cts/lb, DEG will drop 2 to 65 cts/lb and TEG will remain unchanged at $1.28/lb effective November 1st.
10/26/2018: Customers report MEGlobal will lower its US MEG benchmark 4 cts/lb to 49 cts/lb and drop its DEG benchmark 5 ct/lb to 50 cts/lb effective November 1st.
10/16/2018: Majors including Prestone and Old World announced a 40 cts/gal (and 30 cts/gal for 50/50) antifreeze increase effective October 15th. Several regional blenders including KOST also confirmed making similar nominations this week.
10/11/2018: MEGlobal confirms it will lower its MEG Asian Contract Price (ACP) $20/mt to $1,100/mt effective November 1st.
09/17/2018: Huntsman will raise list and off-list TEG prices 5 cts/lb on October 1st.
09/14/2018: Indorama confirms it will carry forward its MEG benchmark of 62 cts/lb and its DEG benchmark of 67 cts/lb next month, but it will raise its TEG benchmark 5 cts/lb to $1.28/lb on October 1st. Lyondell confirms it will raise off-list MPG and DPG prices 5 cts/lb and TPG prices 4 cts/lb effective October 1st.
09/14/2018: MEGlobal confirms it will carry forward its existing MEG benchmark of 53 cts/lb and its existing DEG benchmark of 55 cts/lb effective October 1st.
09/14/2018: In a letter to customers Shell Chemicals confirms it will raise it US MEG list price 1 ct/lb effective October 1st.
09/12/2018: In a letter to customers today Lyondell Equistar confirmed it will raise TEG prices 7 cts/lb October 1st.
09/10/2018: MEGlobal confirms it will raise its MEG Asian Contract Price (ACP) $20/mt to $1,120/mt effective October 1st.
08/30/2018: This morning Dow Chemicals announced it will raise off-list MPG, DPG and TPG prices in the US and Canada 5 cts/lb effective October 1st.
08/28/2018: US propylene contract prices are reported settling up 2 cts/lb for August which would put chemical grade at 59 cts/lb and polymer grade at 61 cts/lb.
08/24/2018: Local sources this week confirmed the European MEG contract price settled with a rollover at Euro 1,010/mt for July following protracted negotiations. August remains unsettled.
08/16/2018: Today Indorama confirmed it will raise its US DEG posted price 1 ct/lb to 67 cts/lb and rollover its MEG price of 62 cts/lb as well as its TEG price of $1.23/lb effective September 1st.
08/14/2018: MEGlobal confirms it will lower its MEG Asian Contract Price (ACP) $20/mt to $1,100/mt effective September 1st.
08/10/2018: Today Huntsman announced it will raise off-list MPG and TPG prices 3 cts/lb and DPG 4 cts/lb effective September 1st.
08/10/2018: Lyondell confirms it will raise off-list MPG and TPG prices 3 cts/lb and DPG 5 cts/lb in North and South America effective September 1st.
08/09/2018: Dow Chemicals will raise off-list PGI, PGUSP, DPG and TPG prices in North America 4 cts/lb effective September 1st.
07/25/2018: Indorama today announced it will rollover its existing posted MEG price of 62 cts/lb, its DEG price of 66 cts/lb and its TEG price of $1.23/lb effective August 1st.
07/17/2018: MEGlobal confirms it will raise its US MEG benchmark 1 ct/lb to 53 cts/lb and rollover its existing DEG posted price of 55 cts/lb effective August 1st.
07/16/2018: MEGlobal confirms it will raise its MEG Asian Contract Price (ACP) $10/mt to $1,120/mt effective August 1st.
06/28/2018: Yesterday Shell Chemicals notified customers it experienced a “malfunction” at the Scotford EO/EG plant that necessitated an immediate force majeure declaration. We will send out any further updates when they become available.
06/27/2018: Sources report US propylene contract benchmarks for June settled 8 cts/lb higher which would put polymer grade at 59 cts/lb and chemical grade at 57.50 cts/lb.
06/22/2018: Customers report MEGlobal will lower its US MEG benchmark 4 cts/lb to 52 cts/lb on July 1st. Confirmation is pending.
06/15/2018: MEGlobal will raise its US DEG benchmark 2 cts/lb to 55 cts/lb effective July 1st.
06/14/2018: Indorama confirms it will raise its US “transactional” price for DEG 2 cts/lb to 66 cts/lb effective July 1st.
06/12/2018: SABIC will lower its MEG Asian Contract Price $45/mt to $1,105/mt on 1st.
06/12/2018: Huntsman confirms it will raise list and off-list MPG 5 cts/lb and DPG 8 cts/lb and off-list TPG 5 cts/lb and PO 8 cts/lb effective July 1st.
06/11/2018: MEGlobal confirms it will lower its MEG Asian Contract Price (ACP) $40/mt to $1,110/mt effective July 1st.
06/07/2018: This morning Dow Chemical confirmed it will raise off-list MPG, DPG and TPG prices in North America 5 cts/lb effective July 1.
06/05/2018: Sources report US April and May ethylene contract benchmarks have settled down 1.5 cts/lb to 26.75 cts/lb for April and down 0.75 cts/lb to 26 cts/lb for May.
05/24/2018: Several sources report US propylene contract benchmarks settled 5 cts/lb higher for May which puts polymer grade at 51 cts/lb and chemical grade at 49.50 cts/lb.
05/17/2018: Huntsman confirmed it will raise US MEG prices 2 cts/lb and DEG 4 cts/lb effective June 1st. In a letter to customers Shell Chemicals confirms it will raise US MEG and DEG list prices 2 cts/lb effective June 1st.
05/16/2018: Today Dow confirmed it will raise off-list MPG, DPG and TPG 5 cts/lb effective June 1st. Huntsman confirmed it will move list and off-list MPG and DPG prices 5 cts/lb higher on June 1st.
05/16/2018: Lyondell confirms it will raise off-list MPG, DPG, and TPG prices 5 cts/lb effective June 1st.
05/16/2018: MEGlobal confirms it will raise its US MEG posted price 2 cts/lb to 56 cts/lb and move its DEG benchmark up 4 cts/lb to 53 cts/lb effective June 1st.
05/16/2018: Indorama today confirmed it will raise its US MEG posted price 2 cts/lb to 65 cts/lb, DEG will adjust 4 cts/lb higher to 64 cts/lb and TEG will remain unchanged at $1.23/lb effective June 1st.
05/14/2018: This morning MEGlobal confirmed it will rollover its MEG Asian Contract Price (ACP) of $1,150/mt effective June 1st.
04/14/2018: MEGlobal confirms it will raise its US MEG benchmark 4 cts/lb to 54 cts/lb and its DEG posted price 3 cts/lb to 49 cts/lb effective May 1st.
04/13/2018: Indorama confirms raising its US MEG benchmark 4 cts/lb to 63 cts/lb and its DEG posted price 2 cts/lb to 60 cts/lb effective May 1st.
04/12/2018: MEGlobal confirms it will raise its MEG Asian Contract Price (ACP) $50/mt to $1,150/mt effective May 1st.
04/06/2018: The MEG European contract price is reportedly settling down Euro 20/mt at Euro 965/mt for the month of April.
03/30/2018: In a letter to customers today Indorama confirmed it will drop its US MEG posted price 3 cts/lb to 59 cts/lb, lower DEG 2 cts/lb to 58 cts/lb and rollover its TEG posted price of $1.23/lb effective April 1st.
03/26/2018: MEGlobal confirms it will drop its US MEG benchmark 5 cts/lb to 50 cts/lb, and lower its DEG posted price 4 cts/lb to 46 cts/lb on April 1st.
03/22/2018: US propylene monomer contracts settled down 6 cts/lb for March which puts chemical grade at 45.50 cts/lb and polymer grade at 47 cts/lb.
03/15/2018: Shell Chemicals will lower its MEG Asian Contract Price (ACP) $100/mt to $1,090/mt and SABIC will adjust its ACP benchmark down $55/mt to $1,125/mt effective April 1st.
03/15/2018: This morning MEGlobal confirmed it will lower its MEG Asian Contract Price (ACP) $80/mt to $1,100/mt on April 1st.
03/14/2018: Customers report the European MEG contract price for March was settled at Euro 985/mt, down Euro 12/mt.
03/07/2018: Spot MEG prices in Asia slipped through midweek as buying interest subsided and inventories in China started to rise with deals recently reported as low as $940/mt CFR CMP.
02/16/2018: MEGlobal confirms it will raise its US MEG benchmark 2 cts/lb to 55 cts/lb and rollover its DEG posted price of 50 cts/lb effective March 1st.
02/15/2018: In a letter dated today Shell Chemicals confirms it will raise its TEG 10 cts/lb March 1st.
02/15/2018: This morning Indorama announced it will rollover its MEG and DEG benchmarks of 62 cts/lb and 60 cts/lb respectively and raise its TEG benchmark 15 cts/lb to $1.23/lb effective March 1st.
02/12/2018: MEGlobal confirms it will not change its MEG Asian Contract Price (ACP) of $1,180/mt on March 1st.
02/12/2018: IN a notice sent to customers late last week Lyondell Equistar confirmed revising its allocation measures after declaring force majeure last month. EO and DEG allocation was adjusted to 100%, MEG to 75% and TEG to 60% effective February 1st.
02/07/2018: On February 5th Huntsman announced raising its TEG another 10 cts/lb effective February 6th. The company implemented an 8 cts/lb increase on February 1st.
02/02/2018: Yesterday Dow Chemical raised US TEG prices 5 cts/lb effectively immediately or as contracts allow.
02/01/2018: Following a previously reported force majeure issued by Lyondell Equistar late last month when its Bayport plant was taken off-line the company today announced it is allocating EO and DEG at 100% of contracted volumes and it is not shipping MEG or TEG until it can restart at which time it will issue allocation information to customers.
01/31/2018: Sources report the European MEG contract price has settled up Euro 33/mt at Euro 997/mt for February.
01/30/2018: Yesterday LyondellBasell announced a force majeure event at its Bayport Texas EO/MEG plant due to a “complete failure of third party supplier of steam”. The event impacted EO, MEG, DEG TEG, HEG and most recently E-series solvents. In other news both Lyondell and Huntsman confirmed they will adjust MPG, DPG and TPG prices 5 cts/lb higher on February 15th.
01/26/2018: Chevron will raise US antifreeze concentrate prices 50 cts/gal (30 cts/gal for 50/50) effective March 1st.
01/24/2018: Today Dow Chemicals announced it will raise MPG, DPG and TPG prices 5 cts/lb effective February 15th.
01/23/2018: Today Old World announced it will raise EG based antifreeze prices 50 cts/gal (30 cts/gal for 50/50) effective February 5th. The company also noted it will increase freight costs.
01/16/2018: MEGlobal confirms it will raise its US MEG posted price 3 cts/lb to 53 cts/lb and DEG 2 cts/lb to 50 cts/lb effective February 1st.
01/16/2018: Indorama confirms it will raise its US MEG benchmark 4 cts/lb to 62 cts/lb, DEG 2 cts/lb to 60 cts/lb and TEG 8 cts/lb to $1.08/lb effective February 1st. In other news SABIC will raise its MEG Asian Contract Price (ACP) $90/mt to $1,160/mt next month.
01/11/2018: Today Dow Chemical revised implementation of January 15th MPG, DPG and TPG increases to take effect February 1st. As a result the company will raise off-list MPG and TPG a total of 10 cts/lb and DPG a total of 12 cts/lb effective February 1st.
01/11/2018: This morning MEGlobal announced it will raise its MEG Asian Contract Price (ACP) $100/mt to $1,180/mt effective February 1st. Spot prices CFR CMP were reported over $1,000/mt through most of this week.
01/10/2018: Dow Chemical confirms it will raise off-list MPG, DPG and TPG prices in the US and Canada US5 cts/lb effective February 1st. The nominations follow previously reported 5 cts/lb MPG and TPG as well as 7 cts/lb DPG increases effective January 15th.
01/09/2018: Today Lyondell confirmed it will raise North and South American off-list MPG and TPG prices 10 cts/lb and DPG 12 cts/lb effective February 1st.
01/05/2018: In a letter to customers this morning Dow Chemical confirmed it will raise North American off-list MPG and TPG prices 5 cts/lb and DPG 7 cts/lb effective January 15th.
12/15/2017: MEGlobal confirms it will adjust its North American MEG benchmark 1 ct/lb higher to 50 cts/lb on January 1st. Shell will raise TEG prices 5 cts/lb effective January 1st.
12/15/2017: Indorama today announced it will carry forward its MEG and DEG list prices of 58 cts/lb each and raise its TEG list price 5 cts/lb to $1/lb effective January 1st.
12/15/2017: In a letter sent to customers yesterday Lyondell announced it will raise off-list MPG prices 3 cts/lb, DPG 6 cts/lb and TPG 3 cts/lb in North and South America effective January 1st. Monument also confirmed it will raise off-list MPG prices 3 cts/lb, DPG 5 cts/lb and TPG 3 cts/lb effective January 1st.
12/11/2017: Dow Chemical today announced it will raise North American off-list MPG prices 3 cts/lb, DPG by 5 cts/lb and TPG by 3 cts/lb effective January 1st.
12/11/2017: This morning MEGlobal confirmed it will raise its MEG Asian Contract Price (ACP) $20/mt to $1,080/mt effective January 1st.
11/17/2017: MEGlobal confirms it will carry forward its US MEG benchmark of 49 cts/lb as well as its US DEG benchmark of 50 cts/lb on December 1st.
11/16/2017: This morning Indorama confirmed it will raise its US MEG index price 2 cts/lb to 58 cts/lb and carry forward its DEG price of 58 cts/lb as well as its TEG price of 95 cts/lb effective December 1st.
11/15/2017: Shell Chemicals will raise its MEG Asian Contract Price (ACP) $30/mt to $1,060/mt effective December 1st.
11/14/2017: Customers report SABIC will raise its MEG Asian Contact Price (ACP) $30/mt to $1,050/mt effective December 1st.
11/09/2017: This morning MEGlobal confirmed it will raise its MEG Asian Contract Price (ACP) $30/mt to $1,060/mt effective December 1st.
11/01/2017: This afternoon Indorama confirmed it will lower its US MEG posted price 2 cts/lb to 58 cts/lb and drop its DEG benchmark 3 cts/lb to 58 cts/lb effective October 1st. The company will carry forward its TEG posted price of 95 cts/lb next month.
10/25/2017: This morning MEGlobal confirmed it will lower its US MEG benchmark 2 cts/lb to 49 cts/lb and drop its US DEG benchmark 3 cts/lb to 50 cts/lb effective November 1st.
10/13/2017: Shell Chemicals will lower its MEG Asian Contract Price (ACP) $80/mt to $1,030/mt on November 1st.
10/11/2017: Dow Chemicals this morning confirmed it will raise off-list PGI, PGUSP and TPG prices US 4 cts/lb, and DPG by US 12 cts/lb in the US and Canada on October 15th or as contracts allow.
10/10/2017: This morning MEGlobal confirmed it will lower its MEG Asian Contract Price (ACP) $70/mt to $1,030/mt effective November 1st.
10/05/2017: Customers report Shell Lubricants will raise antifreeze concentrate prices 45 cts/gal (50/50 by 25 cts/gal) effective October 18th.
09/25/2017: Customers report Prestone has announced it will raise antifreeze concentrate prices US 50 cts/gal (and 50/50 by US 30 cts/gal) effective October 1st.
09/21/2017: Lyondell confirmed raising MPG and TPG allocations to 100% and DPG to 55% on September 19th. The company also removed allocation measures for DEG and TEG while raising EO and MEG to 100%. Lyondell Equistar will raise MEG prices 3 cts/lb, DEG 2 cts/lb and TEG 5 cts/lb effective October 1st. Subscribers can login to see an update of all major producer announcements through October 1st.
09/19/2017: Huntsman Chemicals confirms it will raise its US MEG posted price 3 cts/lb to 47 cts/lb, DEG 2 cts/lb to 56 cts/lb and TEG 5 cts/lb to 58 cts/lb effective October 1st.
09/15/2017: Indorama confirms it will raise its US MEG list price 3 cts/lb to 58 cts/lb, DEG by 2 cts/lb to 61 cts/lb and TEG by 5 cts/lb to 95 cts/lb effective October 1st. Also Huntsman confirms will raise its list and off-list MPG, DPG and TPG prices 5 cts/lb on October 1st.
09/15/2017: Shell Chemical confirms it will raise its US MEG prices 4 cts/lb, DEG 3 cts/lb and TEG 5 cts/lb effective October 1st.
09/15/2017: Dow Chemicals confirms it will raise off-list PGI and PGUSP as well as TPG prices up 7 cts/lb and DPG prices up 9 cts/lb in the US and Canada effective October 1st.
09/15/2017: Customers confirm MEGlobal will raise its US MEG benchmark 3 cts/lb to 51 cts/lb on October 1st. The company did not post a change to DEG.
09/15/2017: Customers report Lyondell will raise off-list MPG, DPG and TPG prices in North and South America 5 cts/lb on October 1st. The increases are in addition to those announced effective today.
09/14/2017: Yesterday Lyondell Equistar announced force majeure and informed US customers of allocation measures effective as of September 1st based upon historical purchases from February through July 2017. EO and MEG is allocated at 75%. DEG and TEG is allocated at 85%.
09/14/2017: Today Huntsman issued a force majeure notice on “ethylene oxide, ethylene glycol, ethanolamines, and select other ethylene derivative products” due to shutdowns in Texas related to hurricane Harvey. Allocation measures will be communicated to customers.
09/12/2017: Chevron confirms it will raise its US antifreeze concentrate prices 50 cts/gal (and 50/50 by 30 cts/gal) effective October 11th.
09/11/2017: Today MEGlobal confirmed it will raise its MEG Asian Contract Price (ACP) $70/mt to $1,100/mt effective October 1st.
09/08/2017: Customers confirm Huntsman is allocating PO at 60%, MPG at 100% and DPG at 50% (after September 15th). In other news effective September 1st Lyondell began allocating EO and MEG at 60%, DEG at 56% and TEG at 50%.
09/08/2017: Recochem today clarified they intend to raise antifreeze concentrate prices CAN 75 cts/gal and 50/50 by CAN 45 cts/gal in Canada on October 1st.
09/06/2017: MEGlobal confirms placing MEG and DEG customers in Asia, Middle East, India and Pakistan on sales control effective immediately. The company will begin a 30-40 day turnaround at Equate in Q4 and expects to be tight in part due to disruptions in the USG.
09/05/2017: This morning Lyondell Chemical informed customers it would begin allocating PGI and PGUSP at 75%, DPG at 55% and TPG at 100% based upon the average of their purchases from February through July.
09/01/2017: Customers report Lyondell today issued notice that it will raise US MPG and TPG prices 4 cts/lb and DPG prices 6 cts/lb effective September 15th. Dow previously announced similar increases.
09/01/2017: Recochem reports it will raise antifreeze prices in Canada CAN 70 cts/gal (40 cts/gal for 50/50) effective September 15th. The company will also raise US concentrate prices US 50 cts/gal (and 50/50 by 30 cts/gal).
08/30/2017: Today Dow Chemical announced it will raise off-list PGI, PGUSP, DPG and TPG prices US 4 cts/lb in the US and Canada on September 15th or as contracts allow.
08/30/2017: Dow initiated 100% order control measures on PO, MPG, DPG and TPG effective August 29th.
08/29/2017: In a letter to customers today Lyondell confirmed declaring force majeure on a number of products including EO, MEG, DEG, TEG, PO, MPG, DPG and TPG. The company did not mention whether it would put customers on allocation.
08/29/2017: In a letter to customers dated August 25th Old World confirms it will raise ethylene glycol based antifreeze concentrate prices 50 cts/gal (30 cts/gal for 50/50) effective September 15tth. The company reserves the right to limit orders based on availability.
08/25/2017: According to a filing by TCEQ Formosa shut its cracker complex including its EO/MEG unit at Point Comfort yesterday evening ahead of the arrival of Hurricane Harvey. The company ostensibly plans to restart on August 27th but that is subject to change.
08/24/2017: Initial August polymer and chemical grade propylene contracts settled up half a penny at 39.50 cts/lb and 38 cts/lb respectively.
08/18/2017: Notification letters confirm Shell Chemical will raise its US MEG prices 3 cts/lb and Lyondell will increase US MEG 2 cts/lb effective September 1st.
08/16/2017: Indorama confirms it will raise its US MEG benchmark 2 cts/lb to 55 cts/lb effective September 1st. The company will carry forward its DEG and TEG list prices of 59 cts/lb and 90 cts/lb respectively.
08/15/2017: SABIC will raise its MEG Asian Contract Price (ACP) $30/mt to $1,010/mt effective September 1st.
08/15/2017: Customers confirm MEGlobal will raise its US MEG benchmark 2 cts/lb to 48 cts/lb effective September 1st. The notice did not mention DEG which suggests the company will not raise that posted price next month.
08/14/2017: Shell Chemicals will raise its MEG Asian Contract Price (ACP) $40/mt to $1,030/mt on September 1st.
08/10/2017: This morning MEGlobal confirmed it will raise is MEG Asian Contract Price (ACP) $50/mt to $1,030/mt effective September 1st. Spot prices CFR China remain elevated between $870/mt and $875/mt overnight.
08/02/2017: Industry sources report the US July ethylene contract benchmark settled down 1.25 cts/lb at 29.25 cts/lb.
08/01/2017: MEG prices in China rose on Tuesday after two ships collided in Taicang on Monday night closing the shipping route and leading to concerns about delays. Initial reports suggest deliveries could be impacted for the remainder of the week. Prompt spot deals were subsequently reportedly as high as $890/mt CFR CMP.
07/17/2017: In a letter to customers today Huntsman confirmed it will raise off-list DPG prices 5 cts/lb effective August 1st.
07/15/2017: Lyondell Equistar will raise its MEG prices in the US 2 cts/lb effective August 1st. Indorama confirmed it will move its US MEG benchmark up 3 cts/lb next month to 53 cts/lb and carry forward its DEG posted price of 59 cts/lb and its TEG posted price of 90 cts/lb on August 1st.
07/14/2017: In a letter to customers today MEGlobal confirmed it will raise its US MEG benchmark 2 cts/lb to 46 cts/lb and will roll its DEG benchmark of 56 cts/lb effective August 1st.
07/14/2017: July polymer and chemical grade propylene contracts reached an initial settlement up half a penny at 39 cts/lb and 38.50 cts/lb respectively.
07/12/2017: MEGlobal this morning confirmed it will raise its MEG Asian Contract Price (ACP) $70/mt to $980/mt effective August 1st.
07/11/2017: Please note in our report dated yesterday we erroneously reported Shell had not raised its US DEG prices this month however we can confirm the company moved up 3 cts/lb on July 1st.
06/28/2017: TCEQ reports Formosa Point Comfort experienced a power failure on June 25th that required a unit shutdown which included EO/EG production. Subsequent reports claim the plants could be down as long as 10 days.
06/15/2017: MEGlobal will raise its North American MEG posted price 2 cts/lb to 44 cts/lb and carry forward its existing DEG benchmark of 56 cts/lb effective July 1st.
06/12/2017: MEGlobal confirms it will raise its MEG Asian Contract Price (ACP) $60/mt to $910/mt effective July 1st.
06/02/2017: In a letter to customers yesterday Dow Chemical confirmed it will raise off-list DPG prices in the US and Canada US 5 cts/lb effective July 1st.
05/26/2017: In a notice sent to customers today MEGlobal confirms it will carry forward its existing US MEG benchmark of 42 cts/lb on June 1st. As previously noted it will raise its US DEG benchmark 2 cts/lb to 56 cts/lb next month.
05/12/2017: MEGlobal confirms it will lower its MEG Asian Contract Price (ACP) $70/mt to $850/mt effective June 1st. MEGlobal also announced it will raise its US DEG benchmark 2 cts/lb to 56 cts/lb effective June 1st.
04/27/2017: In a letter to customers MEGlobal announced it will lower its MEG contract price in the US 4 cts/lb to 42 cts/lb effective May 1st.
04/26/2017: In a letter to customers dated April 25th Lyondell Equistar confirmed it will raise DEG prices 3 cts/lb effective May 1st.
04/12/2017: Shell Chemicals will lower its MEG Asian Contract Price (ACP) $80/mt to $910 effective May 1st.
04/10/2017: MEGlobal will lower its MEG Asian Contract Price (ACP) $80/mt to $920/mt effective May 1st.
04/03/2017: Dow Chemical confirms it will raise off-list MPG, DPG and TPG prices 4 cts/lb effective April 15th.
03/31/2017: Today Indorama confirmed it will lower its US MEG ”transactional” price 4 cts/lb to 51 cts/lb on April 1st. DEG and TEG “transactional” prices will remain unchanged at 56 cts/lb and 85 cts/lb respectively.
03/27/2017: MEGlobal confirms it will lower its US MEG benchmark 3 cts/lb to 46 cts/lb effective April 1st.
03/16/2017: Customers report Lyondell Equistar will raise US DEG prices 4 cts/lb effective April 1st. Shell Chemical will lower its MEG Asian Contract Price (ACP) $90/mt to $990/mt next month.
03/15/2017: MEGlobal will adjust its US DEG posted price in the US up 5 cts/lb to 51 cts/lb effective April 1st. The company didn’t mention moving MEG prices in the US next month.
03/13/2017: This morning MEGlobal confirmed it will adjust its MEG Asian Contract Price (ACP) down $100/mt to $1,000/mt effective April 1st.
02/16/2017: Indorama will increase prices next month by removing TVAs, resulting in increases of 3 cts/lb for MEG, 4 cts/lb for DEG and 5 cts/lb for TEG, although its benchmark “transactional prices” will remain unchanged at 55 cts/lb for MEG, 56 cts/lb for DEG and 85 cts/lb for TEG.
02/15/2017: In letters to customers today Shell Chemicals confirmed it will raise its MEG and DEG prices in the Americas US 3 cts/lb effective March 1st (MEG list to 47 cts/lb and DEG to 52 cts/lb).
02/15/2017: MEGlobal confirms it will raise its US MEG benchmark 2 cts/lb to 49 cts/lb and move its DEG benchmark up 3 cts/lb to 46 cts/lb effective March 1st.
02/14/2017: Today Huntsman notified customers it will take its PO/MTBE unit in Port Neches down for an unscheduled seven day outage (estimated) next month to replace heat exchangers. The downtime will result in the company’s inability to supply customers with some of their contracted volumes of PO, MTBE,MPG and related products.
02/14/2017: Today Lyondell notified customers in North and South America it will raise off-list MPG, DPG and TPG prices US 5 cts/lb effective March 1st. The latest nominations are in addition to prior announcements.
02/13/2017: MEGlobal confirms it will raise its MEG Asian Contract Price (ACP) $40/mt to $1,100/mt effective March 1st.
02/03/2017: Today regional sources report an initial European MEG contract price settlement for February Euro 119/mt higher at Euro 1,034/mt following a Euro 150/mt increase last month and a rollover in December.
01/18/2017: In a letter sent to customers yesterday Shell Chemicals announced it will raise MEG 2 cts/lb to a new list of 44 cts/lb and DEG 3 cts/lb to a new list of 49 cts/lb effective February 1st. In related news Huntsman announced raising MEG and DEG prices 2 cts/lb effective February 1st and Lyondell Equistar confirmed it will raise off-list MEG 3 cts/lb and DEG 2 cts/lb next month.
01/17/2017: Today Lyondell announced it will raise off-list MPG, DPG and TPG prices in North and South America US 5 cts/lb effective February 15th or as contract allow. The company made nominated an increase of the same magnitude effective February 1st.
01/16/2017: Today Dow Chemicals notified customers it will raise off-list MPG, DPG and TPG prices US 5 cts/lb in the US and Canada effective February 15th. This increase is in addition to a previously announced hike of US 5 cts/lb on all products effective February 1st.
01/16/2017: SABIC will raise its MEG Asian Contract Price (ACP) $50/mt to $1,100/mt effective February 1st.
01/13/2017: MEGlobal confirms it will adjust its US MEG benchmark up 3 cts/lb to 47 cts/lb and raise its DEG benchmark 2 cts/lb to 43 cts/lb effective February 1st. In Asia Shell Chemicals will adjust its MEG Asian Contract Price (ACP) up $10/mt to $1,040/mt next month. Today Lyondell informed customers it will raise its off-list MPG, DPG and TPG prices 5 cts/lb effective February 1st. Dow previously announced similar increases.
01/10/2017: MEGlobal will raise its MEG Asian Contract Price (ACP) $40/mt to $1,060/mt effective February 1st.
01/06/2017: In a letter dated today Dow Chemical confirmed it will raise off-list MPG, DPG and TPG prices US 5 cts/lb effective February 1st.
01/03/2017: In a letter to customers on December 27th Shell Lubricants confirmed it will raise antifreeze concentrate prices 70 cts/gal (35 cts/gal for 50/50) effective January 9th.
12/22/2016: Chevron will raise antifreeze prices 5 to 10% effective February 1st.
12/15/2016: MEGlobal confirms raising its US MEG benchmark 4 cts/lb to 44 cts/lb and its US DEG benchmark up 2 cts/lb to 41 cts/lb effective January 1st.
12/15/2016: Dow Chemicals will raise off-list TEG prices 5 cts/lb effective January 1st. In a letter to customers today Shell also announced it will raise US MEG prices 3 cts/lb (list of 42 cts/lb) and DEG 2 cts/lb (list of 46 cts/lb) effective January 1st. Customers report Lyondell Equistar will raise MEG prices 5 cts/lb and DEG prices 4 cts/lb effective January 1st.
12/15/2016: Today Indorama confirmed it will raise its US MEG transactional price 4 cts/lb to 55 cts/lb, DEG will move up 2 cts/lb to 56 cts/lb and TEG will rise 5 cts/lb to 85 cts/lb effective January1st.
12/14/2016: Old World Industries will raise EG based antifreeze concentrate prices $1/gal (50/50 by 60 cts/gal) effective January 2nd. The company reserves the right to limit orders based on availability.
12/13/2016: SABIC confirms it will raise its MEG Asian Contract Price (ACP) $210/mt to $1,050/mt effective January 1st.
12/12/2016: MEGlobal will raise its MEG Asian Contract Price (ACP) $120/mt to $1,020/mt effective January 1st.
11/17/2016: In a letter to customers Shell Chemicals confirms it will raise US MEG and DEG prices 2 cts/lb effective December 1st.
11/16/2016: In a letter to customers Lyondell Equistar confirms it will raise off-list MEG prices 4 cts/lb and DEG 2 cts/lb effective December 1st.
11/15/2016: MEGlobal confirms it will raise its US MEG benchmark 2 cts/lb to 40 cts/lb and adjust its US DEG benchmark 1 ct/lb higher to 39 cts/lb effective December 1st.
11/15/2016: This afternoon Indorama announced it will raise its US MEG off-list transactional price benchmark 4 cts/lb to 51 cts/lb, move its posted DEG price up 2 cts/lb to 54 cts/lb and carry forward its TEG posted price of 80 cts/lb with no change on December 1st.
11/11/2016: SABIC confirms it will move its MEG Asian Contract Price (ACP) up $50/mt to $840/mt on December 1st. Shell Chemicals will raise its MEG ACP $110/mt to $900/mt next month. Spot prices CFR China are up over 10% in the last two weeks driven by downstream demand and declining stocks.
11/10/2016: This morning MEGlobal confirmed it will raise its MEG Asian Contract Price (ACP) $90/mt to $900/mt effective December 1st.
10/18/2016: Today BASF reported shutting down its 620,000 mt/yr ethylene steam cracker and associated downstream derivative units including its 375,000 mt/yr EO unit (and 25,000 mt/yr MEG) in Ludwigshafen Germany following an explosion. There is no word yet on a restart or the extent of the damage.
10/14/2016: Indorama confirms it will raise its US MEG transactional price 1 ct/lb to 47 cts/lb and roll DEG at 52 cts/lb as well as TEG at 80 cts/lb effective November 1st. Huntsman issued notice it will raise list and off-list MPG, DPG and TPG prices 4 cts/lb effective November 1st.
10/14/2016: MEGlobal will raise its US MEG benchmark 1 ct/lb to 38 cts/lb and rolling its US DEG benchmark of 38 cts/lb effective November 1st.
10/13/2016: Shell Chemicals will raise its MEG Asian Contract Price (ACP) $10/mt to $790/mt effective November 1st.
10/13/2016: SABIC confirms it will roll over its MEG Asian Contract Price (ACP) of $790 on November 1st.
10/12/2016: MEGlobal confirmed today it will raise is MEG Asian Contract Price (ACP) $20/mt to $810/mt effective November 1st.
10/07/2016: In a letter sent today Dow Chemical notified customers it will raise North American (US and Canada) PGI, PGUSP, DPG and TPG off-list prices 4 cts/lb effective November 1st.
10/06/2016: Shell Chemicals reports it will restart its cracker and associated 750,000 mt/yr MEG unit in Singapore that went down on September 29th due to a compressor problem “in the next few weeks”.
09/29/2016: Regional sources report the Shell Singapore cracker experienced an unplanned outage yesterday necessitating a force majeure declaration that could last as long as three weeks impacting base chemicals and ostensibly glycols production. Spot MEG prices CFR CMP reportedly firmed roughly $15/mt to roughly $630/mt overnight.
09/27/2016: Today Huntsman informed customers of a disruption at Port Neches that impacted PO, PG and MTBE production “necessitating and excusing certain nonperformance”. PO supply in October will be limited to 80% and PG limited to 50% (of prior twelve month purchases). The company estimates partial pant operations will begin roughly four weeks following the date of the initial disruption. The company sent out previous notices to ethanolamines customers on September 16th and 22nd in which it cited utility related operational issues impacting supply on September 16th.
09/17/2016: Shell Chemicals will reportedly raise its US DEG prices 3 cts/lb and TEG 5 cts/lb effective October 1st. Dow Chemical confirms it will adjust off-list TEG prices 2 cts/lb higher on October 1st.
09/16/2016: In a letter sent late yesterday MEGlobal confirms raising its US MEG benchmark 2 cts/lb to 37 cts/lb and DEG up 2 cts to 38 cts/lb effective October 1st. Yesterday Lyondell also sent notice to customers it would raise off-list US MEG prices 3 cts/lb, and DEG as well as TEG 2 cts/lb effective October 1st (the increases replace previous announcements made for September 1st and 15th). In other news Huntsman will raise its list and off-list MPG, DPG, and TPG prices 6 cts/lb effective October 1st.
09/15/2016: Today Indorama confirmed it will raise its off-list “transactional” US MEG price 2 cts/lb to 46 cts/lb, DEG 2 cts/lb to 52 cts/lb and TEG 2 cts/lb to 80 cts/lb effective October 1st. In other news Monument confirmed sending out notice yesterday of raising off-list PGI, PGUSP, DPG, TPG and Polychill prices 4 cts/lb effective October 1st.
09/14/2016: This morning MEGlobal confirmed it will raise its MEG Asian Contract Price (ACP) $20/mt to $790/mt effective October 1st.
09/13/2016: In a letter to customers today Lyondell confirms it will raise off-list MPG, DPG and TPG prices in North and South America US 4 cts/lb on October 1st.
08/31/2016: Indorama confirms it will raise its off-list posted TEG price 3 cts/lb to 78 cts/lb, and carry forward both MEG and DEG at 44 cts/lb and 50 cts/lb respectively on September 1st. Lyondell Equistar confirmed yesterday that it will raise its off-list MEG prices 3 cts/lb effective September 1st. On August 15th the company announced raising off-list DEG and TEG prices 2 cts/lb and 3 cts/lb respectively on September 1st.
08/30/2016: Today Dow Chemical confirms it will raise off-list PGI, PGUSP, DPG and TPG prices US 4 cts/lb in both the US and Canada effective October 1st.
08/15/2016: This afternoon Indorama Ventures confirmed it will raise its off-list TEG “transactional price” 3 cts/lb to 78 cts/lb effective September 1st.
08/12/2016: Today Huntsman confirmed it will raise off-list PO, MPG, DPG, and TPG prices 5 cts/lb effective September 1st. Both Dow and Lyondell previously announced similar increases.
08/10/2016: Today MEGlobal announced it will rollover its MEG Asian Contract Price (ACP) of $770/mt on September 1st.
08/09/2016: In a letter to customers today Lyondell Chemical announced it will raise off-list PGI, PGUSP, DPG and TPG prices US 5 cts/lb effective September 1st in North and South America.
08/02/2016: In a letter to customers today Dow Chemical announced it will raise off-list PO, PGI, PGUSP, DPG and TPG prices 5 cts/lb in North America effective September 1st.
08/01/2016: Today Dow confirmed it will raise off-list TEG prices 3 cts/lb effective August 15th.
07/28/2016: Today Indorama announced it will carry forward with no change its US MEG transactional price of 44 cts/lb, its DEG transactional price of 50 cts/lb and its TEG transactional price of 75 cts/lb effective August 1st.
07/27/2016: In a letter dated July 25th Shell Lubricants informed distributors it will raise ethylene glycol based antifreeze concentrate prices 30 cts/gal (and 50/50 by 15 cts/gal) effective August 4th. The company also reserves the right to decline any orders exceeding 110% of a “customer’s previous year monthly average purchases”.
07/23/2016: SABIC confirms it will lower its MEG Asian Contract Price (ACP) $10/mt to $750/mt effective August 1st. Shell will carry forward its existing ACP of $760/mt next month. MEGlobal announced rolling over its August ACP of $770/mt on July 11th.