BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

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 (https://pmc.platts.com), Please navigate to Platts Market Center to reset your password.

In this list
Petrochemicals

MEGlobal to supply only minimum contract volumes of MEG to Asian customers

LNG | Oil | Metals | Petrochemicals

All eyes on China's 'blue skies' announcement; Chinese LPG buyers seen to keep reselling US-origin cargoes

Electric Power

Platts Market Data – Electric Power

Oil | Crude Oil

Platts Workshop at the S&P Global Platts Energy

Petrochemicals

Sinopec increases East China benzene offer by Yuan 150 to Yuan 7,250/mt

MEGlobal to supply only minimum contract volumes of MEG to Asian customers

Singapore — MEGlobal will immediately start supplying monoethylene glycol to Asian customers at minimum contract volumes for an unspecified period due to a supply shortage, the producer said in a note to clients Thursday.

Not registered?

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

Register Now

Implementation of the measures in the Asian region would include the Middle East, Turkey, India and Pakistan markets.

MEGlobal is a wholly-owned subsidiary of Kuwait's petrochemicals major Equate Petrochemical, which has MEG facilities at Shuaiba in Kuwait.

Equate will be conducting a major turnaround lasting 30-40 days at its "bigger unit" in Kuwait during the fourth quarter, which will result in a loss of MEG production of 70,000-100,000 mt, a company source said.



Equate's MEG capacity in Kuwait has a nameplate capacity of 1.2 million mt/year.

Adding to the supply woes is the aftermath of Hurricane Harvey on the US Gulf Coast, which has meant its US facilities have been closed, the company source added.

As a result, the MEG supply from MEGlobal will be significantly affected in the fourth quarter.

"In fact, our major supply partner in the USGC has declared force majeure to MEGlobal," the note said.

--Karen Ng, karen.ng@spglobal.com
--Edited by Jeremy Lovell, jeremy.lovell@spglobal.com