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MEG prices climb in Asia

On Monday, September 27, 2021 at 08:30 IST

Last week, MEG prices witnessed a rise in Asia. Prices firmed, mainly on account of bullish ethylene feedstock rates and improved buying sentiments in the region.

Reports of limited product avails and stronger MEG futures on the Dalian Commodity Exchange in China further supported the price rise.

On Friday, CFR China MEG prices were assessed at the USD 725-730/mt levels, while CFR South East Asia prices were assessed at the USD 730-735/mt levels, both up USD (+10/mt) from the previous week.

Ethylene feedstock prices on Friday were assessed at the USD 1125-1130/mt CFR North East Asia levels, a week on week rise of USD (+15/mt).

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