+917718880355

Insights

MEG prices plunge in Asia, Europe

YarnsandFibers News Bureau 2017-03-01 07:13:28 –

Asian MEG prices declined US$40 a ton CFR China and CFR South East Asia in the third week of February. Mono ethylene glycol spot prices plunged on traders liquidating positions. Domestic MEG prices in China also plummeted due to major traders beating the market, as they were focused on liquidating their long positions.

In Europe, MEG prices declined on the week as Asian markets softened. European spot MEG prices were down Eur20 a ton FCA NWE on the week.

In US, MEGlobal raised North American benchmark while spot was relatively stable during the week amid stagnant fundamentals ultimately holding firm price at levels. Indorama Ventures will shut its MEG plant in Texas on 25 for a routine maintenance and repair.

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