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MEG prices bolster higher in Asia on Tuesday

Petrochemical industry | 15 Sep 2021 08:30 IST | Polymerupdate.com

MEG prices marched higher in Asia on Tuesday. The sharp price rise was prompted by stronger upstream ethylene values and bullish buying sentiments in key markets like China.

Reports of limited product availability further contributed to the price gain.

CFR China prices of MEG were assessed at the USD 710-715/mt levels, a spike of USD (+25/mt) from Monday's assessed levels.

CFR SEA MEG prices were assessed higher at the USD 715-720/mt levels, a sharp day on day increase of USD (+25/mt).

Meanwhile, feedstock ethylene prices on Tuesday were assessed up at the USD 1090-1095/mt CFR North East Asia levels, a week on week rise of USD (+20/mt).
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