MEG prices has been surging up in last few months due to acute shortage of material. The major plants has been shutdown in US due to hurricane issue in the country. In Asia major plants are being operated at reduced rates or being shutdown fpor maintenance. MJOR Korean producer has decided to delay the resgtart of itd MEG unit due to poor margins. To add further the prices of its feedstock has been flattering highin last few weeks.
In US market MEG has touching new heights as many producer has put an halt to their production due to hurricane Laura. These unplanned plant shutdowns in the US have aggravated global MEG supply tightness.
