Asia Glycols: Diverge as MEG recovers, DEG surges / MEG recovers after weakness in China / DEG climbs sharply while forward buyers hesitate

Oct 29, 2026

Asian glycol markets diverged in the week to Oct. 23. monoethylene glycol CFR China at $690/ metric ton Oct. 23, up $35/mt from Oct. 19, after prompt cargo discussions reached around $685/mt. China's domestic MEG ended the week at 5,485 yuan/ mt ex-tank, up 110 yuan/mt over the same period, despite retreating from 5,520 yuan/mt on Oct. 21. The EG2611 futures contract closed Oct. 23 at 5,159 yuan/mt, down 37 yuan/mt from Oct. 19. Prompt cargo interest contrasted with weaker forward discussions: end-November CFR China indications were heard at $662-$670/mt on Oct. 23, and buyers remained cautious. The weekly CFR Southeast Asia MEG assessment fell $75/mt to $705/ mt, below selling ideas of $710- $720/mt. The weekly CFR Southeast Asia assessment fell $75/mt to $705/mt, below selling indications of $710–$720/mt....

Exclusive market movement data, shipping lineups, demand signals and pricing rationale continue in full report.

Unlock complete article access with a paid account.

Continue Reading With Membership

This is a preview. Login and activate a paid plan to read the complete article.