Blast in Jubail Industrial City pushes up MEG prices to five-year high

A major attack on Saudi Arabia's critical petrochemical infrastructure in the Jubail Industrial City on April 7 triggered a sharp rise in MEG prices, and China's MEG prices climbed higher to a five-year high.

The attack, which struck one of the world's largest petrochemical hubs, sent shockwaves through global energy and chemical markets. The shutdown of core production facilities led to a sharp reduction in global available supply of ethylene glycol (MEG) in the short term, and the attack on Saudi Arabia's petrochemical