07 December 2012 11:29 [Source: ICIS news]
LONDON (ICIS)--An initial European monoethylene glycol (MEG) December contract has been agreed down by €22/tonne ($29/tonne) from November, the producer involved in the settlement said on Friday.
The contract was agreed at €1,048/tonne FD (free delivered) NWE (northwest Europe).
"The direction is as expected, perhaps a little higher than forecast," a customer said.
($1 = €0.77)
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