MEG spot follows the polyester chain operating rates
Monoethylene glycol demand is dominated by the polyester chain.
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Market Desk
Demand base. Most MEG is consumed in the production of polyester fibre, PET resin and antifreeze. Polyester operating rates therefore set the fundamental demand tone for MEG.
Chain economics. Margins along the PX-PTA-PET chain influence run rates and, through them, the pace of MEG procurement by downstream buyers.