Webinar: MEG market in a $100/bbl world
Following the step rise in brent crude and natural gas prices globally, regional production of glycol has shifted in early 2022. Increased upstream cost pressure coupled with constrained demand in China and deteriorating logistics have pushed glycol margins into the red, especially in naphtha-based production regions such as Europe and Asia. How will margins respond once lockdowns are lifted in China? Could we see similar dramatic shifts in the market like 2020 and 2021? How will new and upcoming world-scale capacity additions alter trade routes and impact regional prices?