London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

Europe March MEG contract talks at stalemate

March 03/2011

(ICIS) -- European March monoethylene glycol (MEG) contract discussions have reached a stalemate with producers pushing for a greater price rise than customers are prepared to pay, sources said on Thursday. Februarys contract settled up by ?35/tonne at ?1,070/tonne ($1,486/tonne).


One of the producers said that demand from the downstream polyethylene terephthalate (PET) market was performing well, despite shortages of PETs raw material, purified terephthalic acid (PTA). It added that a spate of upstream ethylene oxide (EO) and MEG shutdowns would contribute to a tighter MEG market in March.


A second supplier was in search of the mid-?1,100s/tonne FD (free delivered) NWE (northwest Europe).


Spot was talked up to ?960/tonne CIF (cost, insurance and freight) NWE, according to data from ICIS.


mrcplast.com

Tags:No
Category:General News
|
| More

Leave a comment

MRC help

 


 All News   News subscribe