09 December 2009 09:57 [Source: ICIS news]
LONDON (ICIS news)--An initial European December monoethylene glycol (MEG) contract price has been agreed at €660/tonne ($971/tonne), up €28/tonne from November, due to soaring prices in Asia, a buyer confirmed on Wednesday.
The initial contract settlement was agreed late on Tuesday at €660/tonne FD (free delivered) NWE (northwest ?xml:namespace>
Further confirmation from the seller and other market sources was pending.
($1 = €0.68)
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