Shell nominates Asia January MEG ACP $80/tonne higher

14 December 2009 09:20  [Source: ICIS news]

SINGAPORE (ICIS news)--Anglo-Dutch monoethylene glycol (MEG) major Shell Chemicals has nominated its January 2010 Asian Contract Price (ACP) up $80/tonne (€54/tonne) from December nominations, a company source said on Monday.

The January ACP was proposed at $920/tonne CFR (cost and freight) Asia, climbing $80/tonne from Shell’s December ACP of $840/tonne CFR Asia.

The other two MEG majors, MEGlobal and SABIC, have not yet announced their January nominations. December nominations from both MEGlobal and SABIC were announced at $860/tonne CFR Asia.

($1 = €0.68)

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By: Jeremiah Chan
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