14 August 2012 03:41 [Source: ICIS news]
SINGAPORE (ICIS)--MEGlobal has raised its Asian Contract Price (ACP) for September monoethylene glycol (MEG) by $90/tonne (€73/tonne) from August, according to a document obtained by ICIS on Tuesday.
“The September MEG ACP will be $1,130/tonne CFR (cost & freight) ?xml:namespace>
The sharp increase in spot prices was in tandem with surges in crude futures, further boosted by speculative trades, given reports of production issues in the
MEGlobal is a joint venture between Dow Chemical and
($1 = €0.81)
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