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MEGlobal announces ACP for November 2019

October 11/2019

MOSCOW (MRC) -- MEGlobal announced that its Asian Contract Price (ACP) for monoethylene glycol (MEG) will be USD740/tonne CFR Asian main ports for arrival November 2019, said the producer.

The November 2019 ACP reflects the short term supply/demand situation in the Asian market.

As it was written earlier, MEGlobal announced its October monoethylene glycol (MEG) Asian Contract Price (ACP) at USD730/tonne, up by USD20/tonne from its September nomination.

As MRC informed earlier, MEGlobal inaugurated its 750,000-metric ton/year ethylene glycol (EG) unit at Oyster Creek, Texas on 10 Septmber.

MEG is one of the main feedstocks for the production of polyethylene terephthalate (PET).

As MRC informed earlier, Plant of New Polymers Senege, one of the Russian producers of PET chips,  shut production of polyethylene terephthalate (PET) for scheduled repairs on 1 October. According to a source in the company, the shutdown will take about a month. The exact date of the completion of the turnaround was not reported.

MEGlobal is a world leader in the manufacture and marketing of merchant monoethylene glycol and diethylene glycol (EG). Established in July 2004, the company is a joint venture between The Dow Chemical Company and Petrochemical Industries Company of Kuwait and is headquartered in Dubai, United Arab Emirates. With approximately 200 employees worldwide, MEGlobal serves customers around the world, and has production facilities in Fort Saskatchewan and Prentiss, Alberta, Canada.
Author:Anna Larionova
Tags:Asia, monoethylene glycol (MEG), PET-granulate, PET bottles, PET films, PET preforms, MEGlobal, Russia.
Category:General News
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