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Ethylene prices up in Europe & MEG in SE Asia
09 Jul '12
1 min read
Ethylene trends witnessed stability in major global markets, except for in European domestic market where it rose, while MEG prices increased in SE Asia and Chinese US dollar market.
In both, SE Asia and in FE Asia, ethylene was steady and assessed at US $980 per ton. In USA, it was quoted at 41.852 cents/pound, stable from July 6.
In the European international market, ethylene was offered at $1025 per ton and in the same domestic market it grew $20 to $880 per ton on July 9.
MEG prices in SE Asia rose $10 to $895 per ton. In China, MEG trends dipped $10 to $880-885 per ton, while in the Chinese domestic market, it stayed steady at RMB 6750 per ton.
Fibre2fashion News Desk - India
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