During the first half MEG prices declined due to weak market sentiments. In Asian markets, MEG prices declined due to weak buying sentiments coupled with sluggish downstream demand in the region. In the second half, MEG price further declined due to sluggish demand. In Asian market MEG prices plunged during the second half due to less demand and high inventory levels. The fall in the raw material values also contributed to the fall of MEG prices in the region.