Polymerupdate News - Monoethylene Glycol (MEG) prices climb in Asia
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Monoethylene Glycol (MEG) prices climb in Asia

Petrochemical industry | 30 May 2019 09:30 IST | Polymerupdate.com

MEG prices in Asia gained on Wednesday. Although actual user demand was not robust owing to weak cues from the upstream ethylene markets, sellers still transacted at their up adjusted target prices citing ‘short covering’ buying interest in the markets.

CFR China prices of MEG were assessed up at the USD 540/mt levels, a rise of USD 10/mt from Wednesday’s assessed levels.

CFR South East Asia prices of MEG were higher at the USD 545/mt levels, a day on day increase of USD 10/mt.

Feedstock ethylene prices on Wednesday were assessed at the USD 965/mt CFR North East Asia levels, a sharp week on week drop of USD 25/mt.
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