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MEG prices edge higher in Asia

On Thursday, September 16, 2021 at 08:30 IST

MEG prices inched higher in Asia on Wednesday. The price rise was triggered by stronger regional demand trends and higher ethylene feedstock values.

Reports of limited product avails further supported the price gain.

CFR China prices of MEG were assessed at the USD 715-720/mt levels, a gain of USD (+5/mt) from Tuesday's assessed levels.

CFR South East Asia, MEG prices were higher at the USD 720-725/mt levels, a day on day increase of USD (+5/mt).

Meanwhile, feedstock ethylene prices on Wednesday were also assessed at the USD 1090-1095/mt CFR North East Asia levels, a week on week rise of USD (+20/mt).

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