International Year of Natural Fibres 2009 Get Combined Privileges at Unusual Price Bharat Vijay Mills

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MEG Highlights from 01-15, Nov 2009

In the last fortnight MEG price increased to higher level of this year with the firm support of upstream and downstream polyester market. In the beginning of the first half of the last fortnight price of MEG started with bearish sentiment. Price of MEG declined too at the very beginning of the last fortnight. In the second half of the last fortnight seller became reluctant to sell their goods as more inquiries emerged in the market made them comfortable for price hike. In the second half of the last fortnight MEG price gain was mainly attributed by the firm upstream prices.

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