19 July 2011 09:26 [Source: ICIS news]
SINGAPORE (ICIS)--Saudi major SABIC has proposed its Asian Contract Price (ACP) for August monoethylene glycol (MEG) at $50/tonne (€35.50/tonne) lower than its July level, a company official said on Wednesday.
“Our August ACP is at $1,300/tonne CFR (cost & freight) ?xml:namespace>
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On 18 July, MEG majors MEGlobal and Shell nominated their August ACP at $1,300/tonne CFR Asia and $1,320/tonne CFR Asia, down by $50/tonne and $60/tonne respectively from their July levels.
($1 = €0.71)
For more on SABIC, visit ICIS company intelligence
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