MEG and PE spot prices jump after drone attacks on Saudi oil facilities Report

Inform 16 September 2019

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What’s inside this report?

We take a closer look at chemical compounds monoethylene glycol (MEG) and polyethylene (PE), after prices spiked in Asia in the wake of attacks on Saudi Arabia's key oil infrastructure.

Why buy this report?

Understand why prices for these key chemical compounds spiked
Track how prices reacted in the days following the 14 September attacks
Quantify the impact of the Saudi oil attack on the region’s chemicals industry

With associated gas supplies badly disrupted due to the acute pause in oil production after the drone attacks, ethane supply is particularly under threat, which in turn means ethylene supplies would be interrupted too.

Salmon Lee, Head of Polyesters, quoted in European Plastic Product Manufacturer
17 September 2019

Report summary

Spot prices of monoethylene glycol (MEG) and polyethylene (PE) have spiked in Asia, following news of the drone attacks on oil facilities in Saudi Arabia over the weekend. These two commodities are the two main chemical exports of the kingdom. Saudi Arabia is one of the world's largest exporters of PE and MEG. In this inform we assess the potential impact of the drone attacks on Saudi oil facilities on MEG and PE global markets.