After a significant hike in Asian market, the MEG values have been climbing high in European market. CFR China prices has been floating in the range of USD 1030-1060/MT. Prices for Europe market were assessed in the range of 800-820/MT Pounds, increased by 45 Pounds. Lower inventories with sudden hike in demand have been the pushing factor for this increase in values. MEG is mainly used in the production of resins; films and polyester fibres which are further used polyethylene terephthalate (PET) resin.
