+917718880355

Insights

MEG price jumps on incremental demand

YarnsandFibers News Bureau 2017-05-17 10:50:19 –

Asian MEG prices inched up US$3 a ton CFR China and CFR South East Asia marker in the first week of May. Mono ethylene glycol prices inched up on incremental demand in China as polyester plants are set to restart. Falling crude and stable ethylene also supported MEG markets.

In China, market fundamental improved in a limited room and fluctuated in a small range that week, but will continue to fluctuate in the coming week as more MEG units will be shut for maintenance.

In US, MEGlobal and Huntsman have reduced their May MEG contract price as supplies were balanced. Spot experienced a slight decrease.

European MEG spot prices were stable week on week, for the fourth week in a row, in a quiet market.

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