There has been significant hike in the values of MEG in Asian market in last one month. In the first week of January CFR China values were assessed around USD 975/MT while CFR SEA values were assessed around USD 980/MT. In one month period prices increased by USD 50/MT and were assessed around USD 1025/MT while CFR SEA prices were assessed at the level of USD 1030/MT. This hike has been due to stock piling of MEG for Lunar holidays in Chine and other south Asian countires.
