22 April 2009 11:13 [Source: ICIS news]
LONDON (ICIS news)--A second April monoethylene glycol (MEG) European contract price settlement was concluded at €502/tonne ($652/tonne), up €7/tonne from the previous month, sources confirmed on Wednesday.
The price was agreed between a European producer and two of its customers on a free delivered (FD) northwest Europe (NWE) basis.
Only one of the customers was available for comment and confirmed the deal.
This settlement followed an initial agreement concluded on 9 April between another European producer and one of its buyers.
The price of €502/tonne was still below the break-even point, one of the producers said.
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