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)
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