Mono Ethylene Glycol Price

Mono Ethylene Glycol (MEG) is one of the most important substances in the chemical and petrochemical industry. Different factors affect the prices of Mono Ethylene Glycol, in this article from Barus Golden, we want to explore these factors in detail.

Mono Ethylene Glycol Price

The prices per ton of Mono Ethylene Glycol (MEG) are determined daily in the global markets and are changed daily due to different factors.

In this part of this article from Barus Golden, we want to speak about some of the most important factors that determine the Mono Ethylene Glycol price.

1. World Economic Growth

The growth of the world economy is a very important factor that can affect the prices of MEG.

Any positive growth means more demand is awaiting for the MEG and any bad news or slowing of the world economic growth, means the demand will be lower and we can have more supply of the Mono Ethylene Glycol (MEG) in the global markets.

2. World Inflation

Inflation is one of the most important factors that affect the prices per ton of  MEG.

More inflation will increase the product prices and supply chain prices, also lower inflation will have the opposite effect on the Mono Ethylene Glycol price.

3. Energy Prices

One of the most important factors in the production costs of Mono Ethylene Glycol is the energy prices.

Higher energy prices will push the prices per ton of the upper and lower energy prices can make lower.

One thing is clear and that is, that energy prices are very important players in the pricing of Mono Ethylene Glycol (MEG) in the global markets.

4. Ethylene Prices

Ethylene is the main substance that is used for the manufacturing of Mono Ethylene Glycol (MEG) and any changes in the prices and supply of Ethylene can have a serious effect on the prices per ton of Mono Ethylene Glycol (MEG).

5. Supply Chains Issues

Any problem in the supply chain will have serious effects on the supply of Mono Ethylene Glycol and can change its prices in the global markets.

6. Interest Rate

Any changes in the interest rates by the central banks like the Federal Reserve can have an immediate effect on the prices of Mono Ethylene Glycol (MEG).

This factor is a very important component and global markets are very sensitive to its changes and the latest news of the interest rate in the world, especially in the U.S.A and the world’s modern economies.

7. China Economy Growth

A higher growth rate for the economy of China will increase the demand for Mono Ethylene Glycol (MEG), and the lower growth rate will mean less demand for the products and raw materials in the world.

A very important metric that global markets are very sensitive to it for determining the daily prices of Mono Ethylene Glycol (MEG).

As you see many factors can change the prices per ton of Mono Ethylene Glycol (MEG) in the global markets and these seven factors are the most important ones that we spoke about.

Barus Golden

Barus Golden is a supplier of Mono Ethylene Glycol (MEG) that you can trust for ordering all your needs.

We are covering all over the world through our modern and sophisticated supply chain Management.

If you need a free consultation about your Mono Ethylene Glycol (MEG) needs and want to be aware of the latest prices per ton of Mono Ethylene Glycol, please contact us.