Home breadcru News breadcru Petrochemicals breadcru Tight availability leads to Asian MEG surge last week

Tight availability leads to Asian MEG surge last week

01 Feb '16
1 min read

Tight product availability in the region lead to surge in MEG prices in Asia in the last week ended Jan 29.

In SE Asia, average prices climbed by US$ 35/ton or 6.36 per cent and were assessed at US$ 585/ton in the last week, as compared to its previous week.

In India, average prices grew by US$ 35/ton and were quoted at US$ 585/ton in the last week, up 6.36 per cent as against its prior week.

In China, average prices rose by US$ 30/ton and were offered at US$ 570/ton in the last week, an increase of 5.56 per cent vis-a-vis its earlier week.

ALCHEMPro News Desk – India

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