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MEGlobal announces ACP for January 2020

December 10/2019

MOSCOW (MRC) --  MEGlobal announced that its Asian Contract Price (ACP) for monoethylene glycol (MEG) will be USD720/MT CFR Asian main ports for arrival January 2020, said the company.

The January 2020 ACP reflects the short term supply/demand situation in the Asian market.

As it was written earlier, MEGlobal announced that its Asian Contract Price (ACP) for monoethylene glycol (MEG) will be USD710/MT CFR Asian main ports for arrival December 2019. The December 2019 ACP reflects the short term supply/demand situation in the Asian market.

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

As per ICIS-MRC Price Report, Ecopet, the largest producer of polyethylene terephthalate (PET) in Russia and Eastern Europe, last week reduced the spot price of PET chips by Rb2,000/tonnes. Producer's average spot prices fell to Rb80,000-83,000/tonne CPT Kiev, including VAT. The interest of buyers has grown in the spot market in the last decade of November.

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.


mrcplast.com
Author:Anna Larionova
Tags:monoethylene glycol (MEG), PET-granulate, PET bottles, PET films, PET preforms, MEGlobal.
Category:General News
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