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Asian MEG prices drop on Jan 6 from bearish buying

07 Jan '15
1 min read

Asian MEG prices dropped in Asia on Tuesday, 6th Jan due to weak upstream product prices coupled with bearish buying interest in the region.

In SE Asia, MEG prices reduced by US$ 10/ton or 1.33 per cent and were quoted at US$ 740/ton on Tuesday, as compared to Monday (5th Jan).

In India, prices slipped by US$ 10/ton and were assessed at US$ 740/ton on 6th Jan, down 1.33 per cent as against prices on 5th Jan.

In China also, MEG prices went down by US$ 10/ton or 1.34 per cent from Monday and were spotted at US$ 735/ton on Tuesday.

Fibre2fashion News Desk - India

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