19 January 2009 08:36 [Source: ICIS news]
SINGAPORE (ICIS news)--Monoethylene glycol (MEG) supplier MEGlobal has rolled over its January nominated price of $630/tonne (€472.50/tonne) for February cargoes, a source from the company said in an email statement on Monday.
"The February 2009 MEGlobal ACP reflects the short term supply/demand situation in the Asian market," the source said.
MEG is used to make polyester fibres and yarns and polyethylene terephthalate (PET) chips.
($1 = €0.75)
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