Reduced MEG prices at Mumbai – 21 Aug 2024

Monoethylene Glycol (MEG), a vital chemical used in the production of polyester fibers, antifreeze, and PET plastics, has seen a slight decrease at Mumbai port today.

On August 21, 2024, the cost of MEG via imported tankerload at Mumbai port dropped by Re.0.75/kg, bringing the price down from Rs.53.50/kg to Rs.52.75/kg. While the decrease is modest, it may offer some cost advantages to manufacturers and traders who rely on MEG, potentially influencing their production expenses.