Wednesday 16 October 2013

Strong MEG,DEG demand prevails in Indian markets

Oct 08: Traders in the Mumbai market were considering booking MEG and DEG imports with the INR appreciating gradually. The INR, today, was valued at 61.79 against the USD. Traders in the market also saw active off-takes for the chemicals by diverse industries. MEG and DEG were sold today in the Mumbai market at around Rs 88 a litre and Rs 90 a litre respectively.

Traders in the market also revealed to Indianpetrochem that stocks of the chemicals were enough to cater to the demand prevailing in the market.

A similar market condition was also reported from the Delhi market. 
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