Petrotahlil - MEG prices inched higher in Asia this week. The price rise was supported by improved buying sentiments in key markets like China, following the week-long National Day holidays.
The price gain was further supported by stronger MEG futures on the Dalian Commodity Exchange in China.
CFR China, MEG prices were assessed at the USD 460/mt levels, while CFR South East Asia prices were assessed at the USD 465/mt levels, both up USD 5/mt from the last week.
Meanwhile, ethylene feedstock prices were assessed steady at the USD 870/mt CFR North East Asia levels.
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Source : PolymerUpdate