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(ICIS) -- The Asian monoethylene glycol
(MEG) market will face uncertainty when China’s week-long holiday ends, as
supply will be limited because of plant turnarounds, while demand will be weak
as a result of the grim global economic climate, market sources said on Tuesday.
Prices of MEG closed at USD 1,230-1,235/tonne (EUR 935-939/tonne) CFR (cost
& freight) CMP (China Main Port) on 30 September, down by USD 90-100/tonne
from 9 September when prices hit a 44-month high, according to ICIS data.
Trading has slowed this week, sources said, as the China market is closed for
the National Day holiday from 1-7 October.
mrcplast.com
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