24 April 2012 04:45 [Source: ICIS news]
Spot prices for MEG were at yuan (CNY) 7,400-7,450/tonne ex-tank east
In early April, they were at CNY 7,150/tonne ex-tank, before rebounding to CNY7,450-7,500/tonne ex-tank on 17 April, Chemease data showed.
A trader said there was no confidence among market players in MEG futures because of the high inventory levels at Chinese ports and weak downstream demand.
($1 = CNY6.31)
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