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MEGlobal announces ACP for December 2019

November 12/2019

MOSCOW (MRC) -- MEGlobal announced that its Asian Contract Price (ACP) for monoethylene glycol (MEG) will be USD710/MT CFR Asian main ports for arrival December 2019, said the company.

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

The price is on a cost-&-freight (CFR) Asia basis.

As MRC informed earlier, MEGlobal nominated its November monoethylene glycol (MEG) Asian Contract Price (ACP) at USD740/tonne, up by USD10/tonne from its October nomination.

According to MRC's ScanPlast report, Russia's estimated PET consumption dropped in September 2019 by 10% year on year, totalling 58,210 tonnes. Overall, 551,320 tonnes of PET was processed in Russia in the first nine months of 2019, up 9% year on year.

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:monoethylene glycol (MEG), PET-granulate, PET bottles, PET films, PET preforms, MEGlobal.
Category:General News
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