Home breadcru News breadcru Petrochemicals breadcru Asian MEG declines from poor demand on Jan 5

Asian MEG declines from poor demand on Jan 5

06 Jan '15
1 min read

Asian MEG prices declined in Asia on Monday (Jan 5) mainly due to lower upstream product prices and poor downstream demand in the region.

The price fall was supported by lower prices of other polyester feedstock.

In China, prices were assessed at US$ 745/ton on Monday, lower by US$ 5/ton as compared to prices at the end of last week.

In India, prices were spotted at US$ 750/ton on Jan 5, down by US$ 5/ton as against prices at the end of previous week.

Fibre2fashion News Desk - India

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!