Home / Knowledge / News / Textiles / Asian MEG trends down last week from hectic selling
Asian MEG trends down last week from hectic selling
Sep '14
Asian Monoethylene Glycol (MEG) prices were down last week ending Sept 26 from its previous week ending Sept 19, due to lower feedstock prices coupled with hectic selling activity in the region.

In India, average MEG prices went down by US$ 35/ton or 3.74 percent last week to US$ 900/ton, as compared to US$ 935/ton in its previous week.

In China, average prices declined by US$ 55/ton or 5.85 percent to US$ 885/ton last week from US$ 940/ton in its previous week.

In the past week, several major producers announced their nominations for October Asian MEG contract price.

SABIC has nominated Asian MEG at US$ 1120/ton CFR Asia, lower by US$ 30/ton as compared to the nomination level of September.

Shell nominated at US$ 1100/ton CFR Asia, a decline of US$ 60/ton from September.

MEGlobal has nominated at US$ 1120/ton CFR Asia, down by US$ 60/ton from September levels.

Sinopec nominated at RMB 6900/ton, a fall of RMB 500/ton against the nomination level of September.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Steve Cole
Xerium Technologies

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor Chapurin

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

January 2017

January 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search