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MEGlobal announces ACP for September up by USD30/tonne from August ACP

August 11/2020

MOSCOW (MRC) -- MEGlobal announced that its Asian Contract Price (ACP) for monoethylene glycol (MEG) will be USD620/MT CFR Asian main ports for arrival September 2020, said the company.

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

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

As it was written earlier, MEGlobal announced that its Asian Contract Price (ACP) for monoethylene glycol (MEG) will be USD590/MT CFR Asian main ports for arrival August 2020. The August 2020 ACP reflects the short term supply/demand situation in the Asian market.

MEG is mainly used in the production of polyester fibres, resins and films (around 80% of global consumption), followed by use in polyethylene terephthalate (PET) resin. It is also used as automotive antifreeze.

According to MRC's ScanPlast report, Russia's estimated PET consumption totalled 367,720 tonnes in the first six months of 2020, up by 19% year on year. Russian companies processed 62,910 tonnes of material in June.


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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