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MOSCOW (MRC) -- MEGlobal has announced
its Asian Contract Price (ACP) for monoethylene glycol (MEG) to be shipped
in April 2021, according to the company's press release.
Thus, on 10
March, the company said ACP for MEG would be at USD930/MT CFR Asian main ports
for arrival in April 2021, up by USD140/MT from the previous
month.
The April 2021 ACP reflects the short term supply/demand
situation in the Asian market.
As MRC reported earlier,
MEGlobal announced its March ACP for MEG at USD790/MT CFR Asian main ports,
up by USD50/tonne from February 2021.
MEG is one of the main
feedstocks for the production of polyethylene terephthalate
(PET).
According to ICIS-MRC Price
report, March formular prices of Russian producers were in
the range of Rb90,000-105,000/tonne CPT Moscow, including VAT.
MEGlobal
is a fully integrated supplier of monoethylene glycol (MEG) and diethylene
glycol (DEG), collectively known as ethylene glycol (EG). |
