Asian MEG Price Updates & Crude Impacts

Asian Glycols: Prices fall on weak crude, slow demand / ICE Feb Brent futures fall $1.49/b on week / Downstream polyester enters lull season

Jun 04, 2026

The Asian glycols markets weakened in the week ending Dec. 19, with several trade sources citing lower upstream crude oil prices and softer demand in derivative markets. ICE February Brent futures fell 38 cents/b day over day and $1.49/b week over week to $59.75/b at the Dec. 19 Asian close, data showed. Downstream, the onset of the typical lull season in key polyester markets capped buying sentiment for monoethylene glycol. Some traders said operating rates at polyester plants in China are typically lower during the winter months. Operating rates were estimated at 88.41% during the week, according to a trader, while MEG operating rates were estimated at 60.43%. With textile manufacturing expected to taper off as the winter season approaches, several traders in China said they expect polyester demand to...

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