- China Europe Arbitrage Closed- Margins uncompetitive





Sources said that Asian monoethylene glycol
import prices rose slightly on March 17, due to restocking activity. According to sources, more supply from Asia
is expected to come from the US starting in 2024 because of new capacities
and a rise in existing capacities. Also, there is less demand from Europe. Producers
estimated that a 10,000-mt cargo would cost $150-$200 to transport from China
to Europe .Producers estimated that a 10,000-mt cargo from China to
Europe would cost $150-$200 per mt. In late
October 2022 India also dropped its antidumping investigation of MEG
imports from the US and Saudi Arabia. This renewed attention to US export
cargoes to Asia. The Asian price outlook remained mixed due
to weak demand and rising costs. The bullish stance taken by
suppliers means that prices will rise in...