24 February 2012 07:10 [Source: ICIS news]
MEK prices were assessed at $1,350-1,380/tonne CFR (cost & freight) SE (southeast)
Sellers firmed their offers supported by high naphtha costs and the expected seasonal improvement in March or April; hence, buyers had to give higher bids to secure cargoes.
“Crude and naphtha prices are too high, so we could not lower prices,” a northeast
Sporadic offers were said to be at $1,380-1,400/tonne CFR Korea against buying ideas were at around $1,350/tonne CFR Korea.
Some bulk deals were said to be done at $1,350-1,380/tonne CFR Korea this week, a producer said.
In southeast Asia market, prices also rose by $20-30/tonne to $1,350-1,400/tonne CFR SE Asia to reflect deals heard in the market, according to ICIS.
However, consumer demand has yet to show significant improvement in
($1 = €0.75)
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