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.
The prices of monoethylene glycol (MEG) increased in the Indian and Chinese markets in the last fortnight #
In Asian markets, MEG prices increased due to higher feedstock price coupled with improved demand from the downstream market.
The prices of monoethylene glycol (MEG) increased in the Indian and Chinese markets in the last fortnight #
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.
The prices of monoethylene glycol (MEG) increased in the Indian and Chinese markets in the last fortnight #
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.
The prices of monoethylene glycol (MEG) increased in the Indian and Chinese markets in the last 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.
The prices of monoethylene glycol (MEG) increased in the Indian and Chinese markets in the last fortnight #
Asian Contract Price (ACP) for MEG announced by Shell and SABIC for April 2014 was $1120/ton.
The prices of monoethylene glycol (MEG) increased in the Indian and Chinese markets in the last fortnight #
In Europe, the average price of MEG remained stable at $805/ton in the last fortnight due to mute buying sentiments.
The prices of monoethylene glycol (MEG) increased in the Indian and Chinese markets in the last fortnight #
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.
The prices of monoethylene glycol (MEG) increased in the Indian and Chinese markets in the last fortnight #
Fibre2fashion News Desk - India