MEG Price Insight: Indian Industry Intel

Asian Glycols: Thin trade amid uncertainty / Crude oil increases lend limited support to MEG amid downstream weakness / Polyester operating rates at 89.38%

Jun 06, 2026

The Asian glycols markets were thinly traded in the week ending Oct. 24 on near-term uncertainties. Upstream crude oil futures rallied following the announcement on Oct. 22, when the US Department of the Treasury announced sanctions on Russian oil companies Rosneft and Lukoil as part of a coordinated effort by the US, the UK, and the EU to pressure Russia into negotiations with Ukraine. December ICE Brent futures rose $5.09/b in the week to $66.05/b on Oct. 24 Asian close, data showed. However, support given to monoethylene glycol was limited, with buyers and sellers citing downstream weakness that capped MEG sales. Operating rates at key downstream polyester facilities remained below expected at an estimated 89.38%, while MEG operating rates were estimated at 61.89%, according to traders. Domestic Chinese MEG sales...

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.