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MEG prices surge in Asian market last fortnight
07
Aug '13
The prices of monoethylene glycol (MEG) surged in Asian market during the fortnight ending July 31, 2013.
 
In Asian markets, MEG prices surged by 7.75 percent during the last fortnight, due to improved demand coupled with an increase in feedstock prices.
 
In the Southeast Asian market, MEG prices were in the range of US$ 1055/ton to US$ 1060/ton, during the fortnight ending July 31.
 
In U.S.A, MEG prices declined by 4.15 percent due to weak support from the downstream market, and were offered in the range of 46.00 cents/pound to 46.50 cents/pound. 
 
In European market, MEG prices were steady due to stable market, and were offered at €1035/ton on July 31.
 

Fibre2fashion News Desk - India

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