Asian MEG prices inched up US$4 a ton CFR China in the fourth week of October.
In China, nearby-month cargoes were quoted at US$655-660 a ton, and counter offers were at US$650 a ton, with discussions at around US$655 a ton.
Mono ethylene glycol prices were up in Asian markets reflecting the rise in PTA markets while November deliveries were offered flat from spots.
SABIC lowered its November Asian Contract Price nomination for MEG to US$840 a ton, down US$20 from October.
In Europe, spot MEG prices increased on supply tightness while November contract price is unlikely to change significantly compared with October.
European MEG contract price for November is likely to remain unchanged at Euro825 a ton.
In US, spot MEG prices were assessed at US cents 31.50 per pound FOB USG, rolling on the week.
Courtesy: Weekly PriceWatch Report
