DEG prices gallop higher in China

The market prices for DEG surged in Zhejiang province of eastern China last Friday, pulled up by a comination of bullish triggers in Jiangsu province. Local traders were hesitant to effect sales, issuing their offers at up adjusted levels of around RMB 10200/mt (ex-tank), owing to limited inventories. The price talks were held at around RMB 10100/mt (ex-tank), the low end RMB 100/mt up from the level of the previous session.