Prices MEG fell Asia decline oil quotations - Arhive
Prices MEG fell in Asia on the background of a decline in oil quotations Prices MEG fell Asia decline oil quotations
MOSCOW – Price proposals for monoethylene glycol (MEG) in Asia declined on July 17, after a sharp drop in oil futures on the previous day, ICIS reported.Prices MEG fell Asia decline oil quotations
So, the MEG proposals at the end of the day on July 17 were USD895-900 per ton, CFR CMP (main port of China) against counter offers of buyers at USD890-895 per tonne, CFR CMP.
According to ICIS, on July 16, MEG quotes were in the range of USD905-911 per tonne, CFR CMP.Prices MEG fell Asia decline oil quotations
The recent decline in oil quotations lowered buying activity in the downstream sector in polyester production and led to a slowdown in sales, which subsequently put downward pressure on MEG prices.Prices MEG fell Asia decline oil quotations
MEG is one of the main raw materials for the production of polyethylene terephthalate (PET).Prices MEG fell Asia decline oil quotations
According to the Price Review of ICIS-MRC , the situation in the Russian injection molded PET market changed sharply in July. The downward price trend in the domestic spot market of PET granules last week increased against the backdrop of a decline in peak demand for Russian granules. The material prices of Chinese plants are going down for the fifth week in a row.
mrcplast.ru
Author: Margarita Volkova
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