Prices of MEG in Asia rose again – Price proposals for monoethylene glycol (MEG) continued to grow in the Chinese market this week, as market sentiment became more optimistic amid the near-term outlook for the situation in the polyester market – Prices MEG monoethylene glycol Asia - Arhive

Prices MEG monoethylene glycol Asia Prices MEG monoethylene glycol Asia  Prices MEG monoethylene glycol Asia  Prices MEG monoethylene glycol Asia  Prices MEG monoethylene glycol Asia  Prices MEG monoethylene glycol Asia  Prices MEG monoethylene glycol Asia  Prices MEG monoethylene glycol Asia  

Prices of MEG in Asia rose again

Prices MEG monoethylene glycol Asia MOSCOW – Price proposals for monoethylene glycol (MEG) continued to grow in the Chinese market this week, as market sentiment became more optimistic amid the near-term outlook for the situation in the polyester market, ICIS reported.

Thus, participants in the polyester market expect that seasonal demand will increase on the eve of the traditional peak production period in the second half of April and May. Accordingly, the growth of demand for MEG is expected.

In this regard, traders were reluctant to offer volumes of material and began to voice higher prices.

In particular, on April 11, the price proposals for volumes of material for shipment in the second half of April and May were at the level of USD1,040 per tonne, CFR CMP (main port of China), while counter offers were in the range of USD1,030-1,035 per tonne , CFR CMP.

Nevertheless, trading activity has dropped in the absence of material volumes.

The volume of MEGs that arrived on the market in the first half of April was especially limited, which led to an increase in offers for this material to the level of USD1 045-1 050 per tonne, CFR CMP.

On April 10, MEG prices in Asia were USD1,015-1,029 per tonne, CFR CMP.

MEG is one of the main raw materials for the production of polyethylene terephthalate (PET).

According to the Price Review of ICIS-MRC , the buying activity in the finished goods market in Russia in early April is gradually increasing. Last week, SIBUR increased the indicative value of its material at the Sibur-PET and Polyef plants from 89 thousand rubles. for a ton up to 95 thousand rubles. per ton, FCA plant, including VAT. Traditionally, there are no free spot volumes from the manufacturer.

Spot quotation of Senezh material is kept at the level of 95 000-97 000 rubles. per ton, CPT Moscow, including VAT. There are very few free volumes. Alco-Nafta offers its products at 94 000-97 000 rubles / t, CPT Moscow, including VAT.

mrcplast.ru

Author:                Margarita Volkova

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