NewsFlashInitial Europe Dec MEG falls €90/t

03 December 2008 15:12  [Source: ICIS news]

LONDON (ICIS news)--An initial Europe December monoethylene glycol (MEG) contract was settled down €90/tonne ($114/tonne) or 14% from November to €540/tonne, producers said on Wednesday.

The producer involved in the agreement confirmed the settlement, done on a free delivered (FD) northwest Europe (NWE)but would not give any further details. The buyer was not available for comment.

This followed a string of significant decreases since August when the price was at €950/tonne.

($1 = €0.79)

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By: Caroline Howard
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