Ethylene oxide prices moved decisively higher heading into early March, supported by tightening merchant availability, stronger export nominations, and rising upstream costs. The ethylene oxide market maintained a bullish tone through early February as monoethylene glycol (MEG) demand increased ahead of the summer beverage-packaging season. By mid-month, sentiment strengthened further as buyers anticipated tighter supply conditions and higher feedstock costs.
Demand dynamics reinforced the upward trend across the value chain. PET resin and beverage-packaging producers increased MEG procurement, indirectly supporting ethylene oxide consumption. Automotive coolant demand also contributed to stronger ethylene oxide offtake. In February ****, the market averaged $*,***/MT, rising from $***/MT previously, reflecting firmer downstream nominations and sustained purchasing activity across key sectors.
Automotive indicators further strengthened ethylene oxide demand expectations. Domestic light-vehicle production increased by *.** month-on-month, supporting incremental MEG purchases and reinforcing ethylene oxide consumption levels. Meanwhile, ethanolamine demand...
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