Polymerupdate News - MEG prices spike in Asia
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MEG prices spike in Asia

Petrochemical industry | 21 Sep 2019 10:30 IST | Polymerupdate.com

This week, MEG prices surged in Asia.

The steep price rise, was supported by firmer upstream ethylene values and higher fellow polyester PTA feedstock rates.

CFR China MEG prices, were assessed at the USD 610/mt levels, while CFR South East Asia prices of MEG, were assessed at the USD 615/mt levels, a week on week surge of USD 50/mt.

Upstream ethylene prices on Friday, were at the USD 895/mt CFR North East Asia levels, a steep week on week increase of USD 45/mt. CFR South East Asia, prices of ethylene were at the USD 835/mt levels, a spike of USD 40/mt from the last week.
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