NewsFlashSecond Europe October MEG contract settles at €985/tonne

29 October 2013 09:15  [Source: ICIS news]

LONDON (ICIS)--A second European monoethylene glycol (MEG) October contract has been agreed at €985/tonne ($1,368/tonne), down by €53/tonne from September, a major producer said on Tuesday.

The settlement, agreed on a free delivered (FD) northwest Europe (NWE) basis, was between the major producer and a major consumer and follows the initial settlement agreed on Monday.

Confirmation from the consumer is still pending.

($1 = €0.72)

By: Nel Weddle
+44 20 8652 3214

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