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MEG traders forced to revise offers
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MEG traders forced to revise offers
28 Feb '06
1 min read
MEG prices remained low considering the buyer's hesitation to finalize deals and slow buying rate.
Sources informed that the overnight fall in the upstream energy prices has resulted in buyer bids dropping even lower.
Buyer bids for MEG in Asia are pegged around US $815 per metric tons, but traders are not willing to sell their product at these low levels.
However, buyers seem to be optimistic and believe that the bids will be accepted soon.
Currently, some traders are sticking to their offers at as high levels as $890 per metric tons.
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