Shell rolls over January MEG at $610/t - buyer

12 December 2008 09:23  [Source: ICIS news]

SINGAPORE (ICIS news)--Anglo Dutch petrochemicals major, Shell has rolled over its January monoethylene glycol (MEG) nominated price from last month at $610/tonne (€457.50/tonne) CFR (cost and freight) Asia, buyers said on Friday.

A source close to the company confirmed the price when contacted by ICIS news.

Fellow MEG makers, MEGlobal and Saudi Basic Industries Corp (SABIC) have yet to nominate their January selling ideas.

Shell, SABIC and MEGlobal nominated their December MEG Asian contract price at $610/tonne CFR Asia.

MEG is used to make polyester fibres and yarns and polyethylene terephthalate (PET) chips.

($1 = €0.75)

For more on MEG, visit ICIS chemical intelligence
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By: Hong Chou Hui
+65 6780 4359

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