Europe August MEG confirmed up €43/tonne at €990/tonne

26 August 2013 14:17  [Source: ICIS news]

LONDON (ICIS)--The initial European monoethylene glycol (MEG) August contract has been followed at €990/tonne ($1,320/tonne), a second buyer and seller said on Monday.

The August settlement, which is now fully confirmed at a €43/tonne increase from July, was agreed on a free delivered (FD) northwest Europe (NWE) basis.

An initial contract was agreed between another buyer and another seller on Friday.

($1 = €0.75)

By: Samuel Weatherlake
+44 20 8652 3214

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