Europe MEG November contract fully confirmed at €1,070/tonne

14 November 2012 10:49  [Source: ICIS news]

LONDON (ICIS)--The European monoethylene glycol (MEG) November contract pirce is now fully confirmed at €1,070/tonne ($1,354/tonne), a decrease of €25/tonne from October, two customers said on Wednesday.

"We confirm November MEG [European contract price] first settlement yesterday at €1,070/tonne," one of them wrote in an email.

The second customer said it had followed with a second producer.

The settlement was concluded on a free delivered (FD) northwest Europe (NWE) basis.

This is the latest in a long line of difficult contract discussions, which have led to delayed settlements.

($1 = €0.79)

By: Caroline Murray
44208 652 3214

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