Spot prices of monoethylene glycol (MEG) and diethylene glycol (DEG) in Asia fell by as much as 8 the week ended 1 March on panic selling upon release of data showing that manufacturing activities in the key China market has slowed down, industry sources said. The downtrend may continue as China is overflowing with inventory, with demand in the major downstream polyester sector still in the doldrums, they said.
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