In North America, the Mono-Ethylene Glycol (MEG) market witnessed a stable to weak trend in the first half of Q1 but increased by 6% in the second half of Q1. The US market saw weak demand from downstream textile industry during the supply disruption caused by the Russia-Ukraine war, but the market improved later as supply eased. However, higher freight charges and port congestion kept the surge in prices with high overseas market orders. Demand for durable products increased in consumer goods such as food containers and bottles, leading to high offtakes of MEG. Mono Ethylene Glycol Prices increased in March, which settled at USD 725/MT FOB US Gulf (USA).
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