USA Mono Ethylene Glycol (MEG) prices moved sharply higher through March as a confluence of globally constrained supply, rising upstream costs, and stronger PET consumption tightened the MEG market. Early March saw measured buying that absorbed limited spot parcels, while later tight MEG supply, logistical disruption, demand hit seasonal peaks for PET, and reduced global availability. A sustained **-week bullish trend underpinned MEG sentiment, and thin spot liquidity left buyers scrambling for cargoes, amplifying upward pressure into the final weeks of the month. Market participants cited higher crude and freight costs and several producer output adjustments as key drivers of the MEG rally.
Upstream and supply-side dynamics mainly supported the MEG price upswing. Rising crude oil elevated feedstock and production costs, while producers trimmed runs and carried out turnarounds, tightening MEG availability. Key feedstock Ethylene Oxide (spot price, US Gulf) surged by **.** during...
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