12 October 2012 05:53 [Source: ICIS news]
Correction: In the ICIS story headlined "MEGlobal raises October MEG ACP nomination by $50/tonne” dated 12 October, please read in the headline…November instead of October… and in first paragraph...ME Global has raised its Asian Contract Price (ACP) for November…instead of October... A corrected story follows.
SINGAPORE (ICIS)--MEGlobal has raised its Asian Contract Price (ACP) for November monoethylene glycol (MEG) by $50/tonne (€39/tonne) from October, according to a document obtained by ICIS on Friday.
“The November MEG ACP will be $1,280/tonne CFR (cost & freight) ?xml:namespace>
Spot MEG prices in
Prices have gone up by $15-17/tonne from a month ago on the back of active speculative trading amid decreasing supply because of production issues in the Middle East and
MEGlobal is a joint venture between Dow Chemical and
($1 = €0.77)
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