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Mono Ethylene Glycol (MEG) markets in the USA swung from a strong upward trajectory into a mid-April pullback as downstream caution met volatile weekly flows. Early April saw sellers push higher offers on constrained availability and elevated upstream costs, but by mid-April prices retreated amid softer spot activity and buyers holding back on inventory builds. Overall, MEG market sentiment remained cautious: tight domestic supply and heightened feedstock pressure supported a bullish backdrop for much of the month, yet volatility and selective purchasing by downstream consumers produced a notable correction in the middle of April.
Demand patterns were mixed throughout the month, with general MEG consumers largely meeting immediate needs rather than accumulating inventories. Early-month support from steady downstream consumption and tight availability enabled sellers to lift offers, contributing to the wider monthly gain that left the April benchmark at $***.**/MT for Mono Ethyl Glycol...
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