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Weak demand pulls down Asian MEG trends yesterday
10 Sep '14
1 min read
MEG prices declined in Asian markets on Tuesday (Sept 9) due to weak downstream product demand and unfavourable market fundamentals.
In Indian market, MEG prices went down by US$ 10/ton or 1.03% on Sept 9, when compared with Sept 8 and were quoted at US$ 965/ton.
In the Chinese market, MEG trends also decreased by US$ 10/ton yesterday, as compared with Sept 8 and were assessed in the range of US$ 955/ton to US$ 960/ton.
In Indian market, MEG prices went down by US$ 10/ton or 1.03% on Sept 9, when compared with Sept 8 and were quoted at US$ 965/ton.
In the Chinese market, MEG trends also decreased by US$ 10/ton yesterday, as compared with Sept 8 and were assessed in the range of US$ 955/ton to US$ 960/ton.
Fibre2fashion News Desk - India
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