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Bearish market pulls down Asian MEG prices today
03
Sep '14
In Asian market, MEG prices declined from bearish market sentiments by US$ 5/ton today (Sept 3) and were quoted in the range of US$ 970/ton to US$ 975/ton.

Indian Oil Corporation Ltd has reduced MEG prices by INR 1.10/kg and the revised basic price of MEG is INR 73.50/kg.

Meanwhile, Shell nominated its September MEG contract prices for Asian markets at US$ 1160/ton, up US$ 20/ton from August levels.

Asian MEG prices are expected to remain weak due to sluggish demand and bearish market sentiments. (AR)

Fibre2fashion News Desk - India


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