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MEGlobal reduces ACP for May 2021 by USD100 per tonne

April 15/2021

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

Thus, on 12 April, the company said ACP for MEG would be at USD830/MT CFR Asian main ports for arrival in May 2021, down by USD100/MT from the previous month.

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

As MRC reported earlier, MEGlobal announced its April ACP for MEG at USD930/MT CFR Asian main ports, up by USD140/tonne from March 2021.

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

According to ICIS-MRC Price report, formulae prices ща Russian producers were in the range of Rb105,000-120,000/tonne CPT Moscow, including VAT, in April.

MEGlobal is a fully integrated supplier of monoethylene glycol (MEG) and diethylene glycol (DEG), collectively known as ethylene glycol (EG).


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