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MEGlobal nominates ACP for August 2021 at USD840 per tonne

July 14/2021

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

Thus, on 12 July, the company said ACP for MEG would be at USD840/MT CFR Asian main ports for arrival in August 2021, up by USD10/tonne from the previous month.

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

As MRC reported earlier, MEGlobal announced its July ACP for MEG at USD830/MT CFR Asian main ports, as in June and May, when the company's MEG prices went 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, in Russia, spot prices of producers Ecopet and SIBUR remained unchanged last week. Producer's average spot prices fell to Rb118,000-130,000/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.
Category:General News
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