NewsFlashAsia MEG falls $30/tonne to 15-month low on panic-selling

14 March 2012 08:59  [Source: ICIS news]

SINGAPORE (ICIS)--Asia's spot monoethylene glycol (MEG) price fell by $30/tonne to a 15-month low on Wednesday on panic-selling as China’s equities markets tumbled, market sources said.

MEG prices were quoted at $1,015-1,020/tonne CFR (cost and freight) China Main Port (CMP), continuing the slide after hitting a 15-week low on Tuesday.

The Shanghai Stock Exchange (SSE) Composite Index fell by 64.57 points or 2.63% to 2,391.23 at the close of trade on Wednesday.

By: Becky Zhang
+65 6780 4359

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