USGC MEG Weekly: Market activity
thin on seasonal , economic slowdown■ Indorama lowering global
production rates on margins■ US, Asia ethylene
derivatives volumes expected steadySpot activity for US monoethylene glycol was thin in the week
toNov. 11, amid seasonally slow conditions and continuing
economicuncertainty.Thailand-based Indorama Ventures is lowering global
productionrates for ethylene derivatives amid poor margins and
lacklusterdemand, executives said in a Q3 earnings release. The company didnot
specify which products, however, or the amount of reduction.Indorama operated its Integrated Oxides and
Derivatives productionat 84% in Q3, lower by 1 point on the quarter and by 2
points on theyear, according to executives.Looking ahead, Indorama expects
steady volumes for ethylenederivatives in Q4 in the US and Asia, while Europe is
expected tostruggle.USGC MEG Weekly Rationale









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