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Asian MEG prices cave in last week from bearish buying

12 Jan '15
1 min read

Asian MEG prices caved in from bearish buying trends in the region in the last week ending Jan 9.

In SE Asia, average prices reduced steeply by US$ 40/ton or 5.26 per cent and were assessed at US$ 720/ton last week, as compared to its previous week.

In India, average prices dipped by US$ 40/ton and were quoted at US$ 720/ton last week, down 5.26 per cent from its previous week.

In China too, average MEG prices fell massively by US$ 40/ton and were offered at US$ 715/ton last week against its previous week, a decrease of 5.30 per cent.

Fibre2fashion News Desk - India

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