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MEG retreats on profit takings, to keep firm on strong fundamentals

Author: CCFGroup.com     Time: Sep 11 2019 9:45AM

MEG prices retreated on heavy selling indications, after touching 4,940-4,950yuan/mt on Tuesday morning. Market players were eager to sell, and the profit takings weighed down both prompt and forward prices. MEG prices are expected to remain rangebound in short term, but support from fundamentals would keep strong. ...
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