The recent price assessment by 果酱视频 shows a steep incline in prices of Triethylene Glycol (TEG) in the US market owing to severe supply shortage amidst supply disruption due to the Red Sea issue amidst already high production costs. As per the market sources, traders have shown a lack of interest in providing quotations for TEG, as they have no or very few materials left to sell in the market.
In the current market situation, TEG prices have escalated by around xxx-xxx USD/MT within a short period of time. However, major companies like Equistar (LyondellBasell) and Indorama, indicated this market situation during previous months by raising their offers for TEG for the global market. During the month of December, Equistar released two statements of price increments of around +xxx USD/MT (applicable from xx December xxxx) and +xxx USD/MT (applicable from xst January xxxx), These increments...
