+917718880355

Insights

MEG prices plunge across all regions

YarnsandFibers News Bureau 2017-03-15 07:00:19 –

Asian MEG prices declined US$52 a ton CFR China and CFR South East Asia in the first week of March. In China, prices moved down US$70 a ton early in the week, and remained range-later in the week.

Mono ethylene glycol prices dived in Asian markets on urgent sales with sellers lowering offers to avoid incurring port costs. In China, port inventories continued to swell while supply in domestic market was abundant that week. Feedstock ethylene also plunged easing cost support to MEG.

In Europe, MEG prices also fell as demand softened and March contract price settling at a rollover, certainly ending the huge price increases. European spot MEG prices were Euro50 a ton on the week.

In US, MEG prices retreated from their 21-month. The decline pushed the assessment of its highest level since 2 July 2015. MEG was down US cents 1.50 cents per pound FOB USG 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