NewsFlashShell rolls over ACP for Aug MEG

10 July 2007 03:30  [Source: ICIS news]

SINGAPORE (ICIS news)--Shell Chemicals has rolled over its Asian contract price (ACP) for monoethylene glycol (MEG) to August from July at $990/tonne CFR (cost and freight) Asia, a company official said on Tuesday.

He did not offer any reason behind the rollover.

Market leader MEGlobal has also rolled over its price on MOnday at $1,020/tonne CFR Asia to August from July.

Saudi Basic Industries Corp (SABIC), the third of the MEG majors which post a monthly ACP, is expected to post its price later this week.

SABIC’s July ACP was $1,010/tonne.

By: Salmon Aidan Lee
+65 6780 4359

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