NewsFlashDouble settlement for Europe MEG April, May contract

02 May 2012 15:52  [Source: ICIS news]

LONDON (ICIS)--An initial European May monoethylene glycol (MEG) contract price of €979/tonne ($744/tonne) has been settled in conjunction with a second agreement of the April price at €1,005/tonne, a seller said on Wednesday.

The April price, on a free delivered (FD) northwest Europe (NWE) basis, reflects a €65/tonne drop from March.

($1 = €0.76)

By: Caroline Murray
44208 652 3214

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