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MEG prices fall in China and Southeast Asia on Dec 9
10
Dec '14
The prices of monoethylene glycol (MEG), used as a raw material in the polyester value chain, declined in the Chinese and Southeast Asian markets on December 9, 2014.
 
In China, MEG prices declined by US$ 15/ton and were quoted at US$ 805/ton on Tuesday, showing  a decrease of 1.83 per cent compared to Monday’s prices.
 
In Southeast Asia, prices declined by US$ 15/ton and were quoted at US$ 810/ton on Tuesday, registering a fall of 1.82 per cent over Monday’s prices.
 
The decline in prices was due to weak upstream and downstream product prices in the region. 
 

Fibre2fashion News Desk - India

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