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MOSCOW (MRC) -- MEGlobal has announced
its Asian Contract Price (ACP) for monoethylene glycol (MEG) to be shipped
in January 2021, according to the company's press release.
Thus, on
11 December, the company said ACP for MEG would be at USD670/MT CFR Asian main
ports for arrival in January 2021, up by USD10/MT from December.
The
November 2020 ACP reflects the short term supply/demand situation in the Asian
market.
As MRC reported earlier,
MEGlobal announced its December ACP for MEG at USD660/MT CFR Asian main ports,
up by USD10/tonne from November.
MEG is one of the main feedstocks for
the production of polyethylene terephthalate (PET).
According to ICIS-MRC Price
report, in Russia, December contract PET prices were in the range
of Rb68,100-71,000/tonne CPT Moscow, including VAT. Most producers raised
their prices of material last week and expect further price increases
by the end of this month.
MEGlobal is a fully integrated supplier of
monoethylene glycol (MEG) and diethylene glycol (DEG), collectively known as
ethylene glycol (EG). |
