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Asia monoethylene glycol estimates tumbled through May

May 28/2012

(chemmonitor) --  Asian prices for monoethylene glycol (MEG) demonstrated a certain increase early this month in CFR China deals. They moved up by USD 30 per tonne day on day on May 2.

The values maintained stability on May 3, but started to move down a day later. Asian traders lowered their nominations by USD 30 per tonne within a two-day period. The downsurge was mainly attributed to weaker downstream numbers.

A series of insignificant price drops and increases took place from May 8 through May 14.
Tags:MEG, ethylene.
Category:General News
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