MEG prices Asia demand imports China - Arhive
MEG prices in Asia went down due to weak demand for imports in China MEG prices Asia demand imports China
MOSCOW Monoethylene glycol (MEG) price offers in Asia fell on Thursday morning amid a low supply of imported volumes of material to China due to a collapse in China’s domestic futures market, ICIS reported.
Thus, the price offers for October deliveries of MEG amounted to USD875-880 per ton, CFR CMP (main port of China), against counter-claims in the range of USD865-870 per ton, CFR CMP. MEG prices Asia demand imports China
According to ICIS, on October 10, spot quotes were at the level of USD889-898 per tonne, CFR CMP. MEG prices Asia demand imports China
The fall in crude oil prices has also aggravated activity in the downstream polyester production market.MEG prices Asia demand imports China
The difference between price and counter offers in the Asian market of MEG has increased, which complicates trading activities. MEG prices Asia demand imports China
There were requests, but in general they were at lower levels.
In China’s domestic market, buying activity was high, as some buyers seized the opportunity to close their debts amid falling prices.
MEG is the main raw material component for the production of PET.
According to the ICIS-MRC Price Review , in the Russian market, the cost of PET for contract customers in October rose sharply.
Spot prices have not changed.
mrcplast.ru
Author: Margarita Volkova