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MEGlobal nominates ACP for June 2021 at USD830 per tonne

May 12/2021

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

Thus, on 10 May, the company said ACP for MEG would be at USD830/MT CFR Asian main ports for arrival in June 2021, which corresponds to the previous month's level.

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

As MRC reported earlier, MEGlobal announced its May ACP for MEG at USD830/MT CFR Asian main ports, down by USD100/tonne from April 2021.

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

According to ICIS-MRC Price report, May formular prices for most contract customers were in the range of Rb103,000-117,000/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).


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