Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Oil | Petrochemicals

Automotive demand, rising feedstock costs spur monoethylene glycol buying

Commodities | Coal | LNG | Natural Gas | Natural Gas (North American) | Oil | Crude Oil | Steel | Shipping | Coronavirus

Market Movers Americas, Aug 3-7: Brent-WTI spread at widest since May

Oil

Platts Market Data – Oil

NGL | Gasoline | Petrochemicals | Olefins

NGLs Conference, 10th Annual

Oil | Crude Oil | Refined Products

Crude oil futures retreat after overnight rally, steady US dollar

Automotive demand, rising feedstock costs spur monoethylene glycol buying

New York — European MEG spot demand for barges and trucks has risen of late on a combination of firm feedstock costs, tighter supply and resurgent automotive demand, according to market sources.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Having traded below the Eur300/mt ($340/mt) mark early last week, spot truck prices were trading as high as Eur390/mt in some cases and offered at Eur430/mt FCA in recent sessions.

In the bulk market where buyers were looking for material, offers were seen as high as Eur400/mt CIF Antwerp.

"Europe is possibly now a bit short [due to] the delay of US vessels and the re-routing of US vessels to China, and China pays a bit more than Europe. Now MEG is showing signs of recovery...I see antifreeze demand. The antifreeze guys need to stock up...I have customers asking for volumes, automotive guys, and I cannot get the volumes.

That was corroborated by a trader who pointed to the restart of automotive plants as having led demand, in addition to the strength in upstream oil prices that spurred truck demand.

"What we see for truck off-take is that there is a significant intake of demand. Antifreeze producers are ramping up demand again. The historical low has been reached," a trader said.

The rise in glycols spot prices followed the June MEG contract price settlement of Eur455/mt, a rise of Eur7/mt month on month, while the monomer ethylene contract settled at Eur680/mt, up Eur80/mt from May.

S&P Global Platts Platts last assessed MEG truck prices at Eur320/mt FCA NWE and bulk prices at Eur300/mt on May 29.