Triethylene Glycol (TEG) price expresses a skyrocketing trend in USA since December xxxx, primarily driven by the feedstock shortage and Crude oil price upsurge amidst the logistics disruption embracing geopolitical crisis. As per the market sources, TEG price soaring in United states due to the lack of supply, as manufacturing units found shut down during the period owing to the several domestic and global issues.
According to the earlier TEG price record for the US, an increment of around USD xxx/MT in TEG price has been observed since December xxxx. Meanwhile, key TEG manufacturing companies of the US i.e., Indorama Chemicals at Port Neches and Dow Chemical at Clear Lake remained shut during the January xxxx, owing to the freezing cold weather in US resulting in the shortage of Ethylene Oxide (key feedstock for Ethylene Glycol) as well. On the other hand, as per...
