Home / Knowledge / News / Textiles / MEG prices rise in Indian & Chinese markets last fortnight
MEG prices rise in Indian & Chinese markets last fortnight
Apr '14
The prices of monoethylene glycol (MEG) increased in the Indian and Chinese markets in the last fortnight ending March 31, 2014, compared to prices in the previous fortnight ending March 15, while they remained stable in Europe and the US.
In Asian markets, MEG prices increased due to higher feedstock price coupled with improved demand from the downstream market.
In India, the average price of MEG in the last fortnight was US$ 940/ton, higher by 1.62 percent compared to the average price of $925/ton in the previous fortnight. On April 9, 2014, price was assessed at $945/ton.
In China, the average price of MEG in the last fortnight was $935/ton in the last fortnight, up by 1.63 percent compared to the average price of $920/ton in the previous fortnight. 
In the Chinese domestic market, selling offers for MEG were in the range of RMB 6,550/ton to RMB 6,600/ton in the first half of the last fortnight. In the second half of the last fortnight, selling offers surged and were quoted in the range of RMB 6,850/ton to RMB 6,900/ton.
Asian Contract Price (ACP) for MEG announced by Shell and SABIC for April 2014 was $1120/ton.
In Europe, the average price of MEG remained stable at $805/ton in the last fortnight due to mute buying sentiments.
In US, average MEG price in the last fortnight was 45.00 cents/pound, same as the average price in the previous fortnight, due to firm energy market.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Kaizad Hansotia

Competition is the best thing that can happen to a startup

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search