Bullish buying trend supports higher Asian MEG prices

MEG prices inched higher in Asia in the last week due to bullish buying trend in the region.

In SE Asia, average prices increased by US$ 15/ton and assessed at US$ 880/ton in the last week, an improvement of 1.73 per cent compared to previous week.

In China, average prices stepped up by US$ 10/ton and quoted at US$ 865/ton in the last week, a rise of 1.17 per cent over the price prevailing at the end of the previous week.

In India, average prices went up by US$ 15/ton and assessed at US$ 880/ton in the last week, a hike of 1.73 per cent over the previous week.

Fibre2Fashion News Desk – India