MEGlobal rolls over $1,220/tonne nomination for November MEG ACP

11 October 2013 04:31  [Source: ICIS news]

SINGAPORE (ICIS)--MEGlobal maintained its $1,220/tonne (€903/tonne) nomination for November monoethylene glycol (MEG) Asia Contract Price (ACP), a company source said on Friday.

The ACP is on a cost-and-freight (CFR) Asia basis.

Spot MEG prices were relatively stable since end-September, with a number of industry players uncertain about the market outlook.

Spot prices in China stood at $1,055-1,061/tonne on 10 October, compared with $1,054-1,058/tonne at the last trading day in September before the Chinese market closed for a week-long holiday.

China was on holiday on 1-7 October for its National Day celebration.

($1 = €0.74)

By: Yolanda Chen

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