+917718880355

Insights

MEG price declines on weak downstream demand

YarnsandFibers News Bureau 2017-03-22 10:55:25 –

Asian MEG prices declined US$23 a ton CFR China and CFR South East Asia in the second week of March. In China, prices went down US$45 a ton early during the week.

Mono ethylene glycol prices declined on the week on weak downstream demand as polyester producers skipped buying on ample supply. Meanwhile, traders were heard halting short-selling. Iran's Farsa Chimie plans to restart its 450,000 ton a year MEG plant in Assaluyeh by end March, after it remained shut since mid-February.

In Europe, MEG prices fell as market lengthened amid weak demand. European spot MEG prices moved down Euro30 a ton on the week.

In US, MEG prices were steady although market was described as tight. Producers were waiting for March, April demand increase and resisted movement from slightly lower product in Asia and held firm on the week.

Courtesy: Weekly PriceWatch Report

Please Login to comment

Market Intelligence

Ask for free sample Report


why us?
21 yrs

experience

Fortune 500

Customer Base

100%

dedicated team

55+

Countries Served Worldwide


newsletter

Register below to receive our newsletters with latest industry trends and news!

WeCreativez WhatsApp Support
Our support team is here to answer your questions via WhatsApp. Ask us anything!
👋 Hello