NewsFlashAsia MEG falls to four-month low on bearish sentiment

01 March 2013 07:50  [Source: ICIS news]

SINGAPORE (ICIS)--Asia’s monoethylene glycol (MEG) prices fell to a four-month low on Friday, in line with a steep 2.2% decline in China’s purified terephthalic acid (PTA) futures values, on bearish market sentiment.

Bid-offer prices for spot MEG cargoes fell to $1,040-1,050/tonne CFR (cost and freight) China Main Port (CMP), down by $29-30/tonne from Thursday, market sources said.

By: Becky Zhang
+65 6780 4359

AddThis Social Bookmark Button

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.

Printer Friendly