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MEGlobal nominates ACP for November 2021 at USD1,020 per tonne

October 19/2021

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

Thus, on 15 October, the company said ACP for MEG would be at USD1,020/MT CFR Asian main ports for arrival in November 2021, up by USD140/tonne from the previous month.

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

As MRC reported earlier, MEGlobal announced its October ACP for MEG at USD880/MT CFR Asian main ports, up by USD10/tonne from September.

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 market was not generally changed last week.
There were virtually no free quantities of material in the spot domestic market. Most market players said the situation with the shortage of spot volumes would remain the same next month, and the balance of supply and demand in the Russian PET chips market would begin to recover, at best, in the end of the year.

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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