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Initial Europe January MEG up by EUR 54/tonne

January 13/2012

LONDON (ICIS) -- The initial European monoethylene glycol (MEG) contract for January has settled at EUR 1,024/tonne (USD 1,296/tonne), an increase of EUR 54/tonne, a producer said on Thursday.

It is not good but its not a disaster, a customer said.

The buyer involved in the settlement was not available for comment.

The contract was agreed on a free delivered (FD) northwest Europe (NWE) basis.
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