13 November 2013 08:03 [Source: ICIS news]
SINGAPORE (ICIS)--Saudi Arabia’s SABIC has maintained its nomination for December monoethylene glycol (MEG) Asian Contract Price (ACP) at $1,200/tonne (€888/tonne) from November, a company source said on Wednesday.
MEGlobal, another MEG major, has nominated the same price for its December ACP.
On 12 November, spot MEG prices rose to $1,037-1,045/tonne CFR (cost and freight) Asia, up by $3/tonne from the previous day, according to Chemease, an ICIS service in China.
Some market players doubt the price increase can be sustained as demand is still weak.
($1 = €0.74)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections