Potential supply crunch weighs on market Asian imports act as a key supply source



With stable sentiment from
sources and quiet trading conditions, the European glycols spot price was
steady for the week. Despite competing market fundamental changes, which some
sources suggest could eventually upset the current market balance, stable
sentiment prevailed. A trader stated that
the market was stable, but some producers are trying to offset higher prices.
there must be a turning point because of cost-push factors. Another source said that although the import market is
stable, imports are getting harder to find. This could be due to a shortage of
US imports and limited European production. After an initial operational problem was reported, Shell's
Moerdijk cracker still remains down in the Netherlands. The cracker's ethylene production capacity is 900,000 mt/year. Sources suggested that...