06 November 2008 15:55 [Source: ICIS news]
HOUSTON (ICIS news)--Selling prices for ?xml:namespace>
The benchmark - effective 1 November - was set at 40 cents/lb ($882/tonne) FOB (free on board) USG (US Gulf), well under the effective selling price of 55 cents/lb in October, on flagging demand and falling upstream prices.
“A large reseller called to offer me material at 36 cents/lb, only a little above MEGlobal’s November Asian contract price (ACP) of $740/tonne (34 cents/lb),” a trader said.
While domestic EG prices approached the ACP, spot prices in
US EG suppliers include Equistar, Huntsman, MEGlobal,
($1 = €0.77)
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