Asian MEG prices partially regained US$8 a ton CFR China and CFR South East in the first week of April. In China, offers for nearby-month cargoes surged up US$10 on the week.
Mono ethylene glycol prices in Asian markets partially regained previous week’s loss as downstream demand was seen improving. In China, domestic MEG prices also followed suit, inching up week on week as downstream demand from polyester factories helped bolster buying activity. Prices fluctuated upward early in the week and then fell somewhat at weekend.