Ethylene Glycol Demand Driving up Antifreeze Costs - Again
Antifreeze prices will be going up for all major suppliers this Spring due to the rising price of Ethylene Glycol. Ethylene Glycol is the main componant of automotive antifreeze - but it is also used in the manufacture of plastics and resins, including plastic soda bottles and it is also used in some medical applications. The increase in demand, especially for manufactured plastics as a result of economic expansion in countries like China has made global prices continue to climb.