02 May 2012 12:09 [Source: ICIS news]
SINGAPORE (ICIS)--Asia's spot monoethylene glycol (MEG) prices rebounded to above $1,000/tonne CFR (cost & freight) CMP (?xml:namespace>
MEG prices were quoted at $1,012-1,025/tonne (€769.1-779.0/tonne) CFR CMP, $22-27/tonne higher from $990-998/tonne CFR CMP on 27 April, according to ICIS.
Many market players cited
“The expectation that MEG supply in May will be cut and the stronger downstream sales after the holiday stimulated some traders to snap up cargoes, which pushed up prices,” a trader said.($1 = €0.76)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|