Ethylene Glycol:Asia

摘要

Monoethylene glycol in Asia slipped below the $1,000/mt mark this week, reversing further gains previously fueled by speculation, as concerns over China’s tightening of credit gripped commodities and stock markets alike. The CFR China benchmark fell for six consecutive days, but snapped the losing streak Friday as end-users emerged to hunt for bargains. Deals Friday were reported done at $975/mt and $980/mt CFR China, with polyester producers in China citing optimism about post-Lunar New Year demand.