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MOSCOW (MRC) -- MEGlobal has
announced its Asian Contract Price (ACP) for monoethylene glycol (MEG) to
be shipped in November 2020, according to the company's press
release.
Thus, on 14 October, the company said ACP for MEG would be
at USD650/MT CFR Asian main ports for arrival in November 2020, up by
USD10/MT from October.
The November 2020 ACP reflects the short term
supply/demand situation in the Asian market.
As MRC reported
earlier, MEGlobal announced its October ACP for MEG at USD640/MT CFR Asian
main ports, up by USD20/tonne from September.
MEG is one of the main
feedstocks for the production of polyethylene terephthalate
(PET).
According to ICIS-MRC Price
report, contract prices of Russian plants increased by Rb1,000-1,500/tonne
this month under the pressure from the growth of the dollar exchange
rate against the rouble.
MEGlobal is a fully integrated supplier of
monoethylene glycol (MEG) and diethylene glycol (DEG), collectively known as
ethylene glycol (EG). |
