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MEGlobal nominates ACP for October 2021 at USD880 per tonne

September 14/2021

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

Thus, on 13 September, the company said ACP for MEG would be at USD880/MT CFR Asian main ports for arrival in October 2021, up by USD10/tonne from the previous month.

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

As MRC reported earlier, MEGlobal announced its September ACP for MEG at USD870/MT CFR Asian main ports, up by USD30/tonne from August.

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

According to ICIS-MRC Price report, the situation in the Russian PET chips market remained steady last week.
PET chips supply remained tight in the local market. Most producers were still able to provide only contract buyers with material.

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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