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MEGlobal nominates ACP for September 2021 at USD870 per tonne

August 13/2021

MOSCOW (MRC) -- MEGlobal has announced its Asian Contract Price (ACP) for monoethylene glycol (MEG) to be shipped in September 2021, according to the company's press release.

Thus, on 11 August, the company said ACP for MEG would be at USD870/MT CFR Asian main ports for arrival in September 2021, up by USD30/tonne from the previous month.

The August 2021 ACP reflects the short term supply/demand situation in the Asian market.

As MRC reported earlier, MEGlobal announced its August ACP for MEG at USD840/MT CFR Asian main ports, up by USD10/tonne from July.

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

According to ICIS-MRC Price report, Russian producers raised their July contract PET prices to the range of  Rb102,000-114,000/tonne CPT Moscow, including VAT. In the absence of sharp fluctuations in the rouble exchange rate in August, contract prices are likely to continue rising in September.

MEGlobal is a fully integrated supplier of monoethylene glycol (MEG) and diethylene glycol (DEG), collectively known as ethylene glycol (EG).
Author:Margaret Volkova
Tags:Asia, monoethylene glycol (MEG), PET-granulate, packaging, MEGlobal.
Category:General News
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