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MEGlobal raises ACP for April 2021 by USD140 per tonne

March 10/2021

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).
Author:Margaret Volkova
Tags:Asia, monoethylene glycol (MEG), PET-granulate, packaging, MEGlobal, Russia.
Category:General News
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