MEG Highlights from 01-15, May 2013
In the last fortnight, MEG selling offers declined. During the first half of last fortnight, MEG prices declined in Asian markets due to dull buying trends and bearish downstream demand. In the beginning of the second half of last fortnight, selling offers for MEG surged in Asian markets due to firmer feedstock prices coupled with improved demand from the downstream market. During the second half of last fortnight, selling prices of MEG in Chinese domestic market went up.
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