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Ample availability weakens Asian MEG trends this week
23 Aug '14
1 min read
Due to poor feedstock prices coupled with ample product availability in the region, Mono Ethylene Glycol (MEG) prices declined marginally in Asia this week and fell around 0.50% w-o-w.
Average prices of MEG went down by US$ 5/ton in the S E Asian market and were assessed in the range of US$ 1000/ton to US$ 1005/ton.
In the Chinese USD market, average selling offers for MEG too declined by US$ 5/ton compared to the previous week and were in the range of US$ 995/ton to US$ 1000/ton.
In the Chinese domestic market, selling offers for MEG also went down from the earlier week and stood in the range of RMB 7,400 /ton to RMB 7,450/ton.
Average prices of MEG went down by US$ 5/ton in the S E Asian market and were assessed in the range of US$ 1000/ton to US$ 1005/ton.
In the Chinese USD market, average selling offers for MEG too declined by US$ 5/ton compared to the previous week and were in the range of US$ 995/ton to US$ 1000/ton.
In the Chinese domestic market, selling offers for MEG also went down from the earlier week and stood in the range of RMB 7,400 /ton to RMB 7,450/ton.
Fibre2fashion News Desk - India
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