MEGlobal reduces November MEG ACP nomination by $70/tonne
13 October 2011 04:11 [Source: ICIS news]
SINGAPORE (ICIS)--MEGlobal has cut its Asian contract price (ACP) nomination for November monoethylene glycol (MEG) by $70/tonne (€51/tonne) from October level, the company said on Thursday.
The company nominated $1,380/tonne CFR (cost & freight)
Asia MEG spot prices dropped by $15/tonne to close at $1,240-1,245/tonne CFR CMP (China Main Port) on 12 October amid lower discussion levels and soft downstream demand, according to ICIS.
($1 = €0.73)
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By: Judith Wang
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