MEG market receded in the week of Jan 17-21. Traders’ participations cooled down prior the Chinese New Year holidays and transactions were mainly between contract traders....
MEG market moved up in the week of Jan 10-14 and transactions improved in late week. MEG market receded in early week and the price changed was in narrow range...
MEG market moved up in the week of Jan 4-7 with moderate transactions. MEG futures went up and spot prices were firm in early week on the back of firmer costs, but traders were cautious and were active to sell at high prices...
Polyester sales ratio improved last week. Product inventories decreased with POY inventory falling to around 15 days. End-users may keep stocking feedstocks...
