MEGlobal rolls over $1,180/tonne ACP nomination for March MEG

13 February 2014 02:24  [Source: ICIS news]

SINGAPORE (ICIS)--MEGlobal has rolled over $1,180/tonne as its Asian contract price (ACP) nomination for March monoethylene glycol (MEG), according to a company document obtained by ICIS late Wednesday.

“The March MEG ACP nomination will be at $1,180/tonne CFR (cost & freight) Asia to reflect the short-term supply and demand situation,” MEGlobal said in a note to clients.

The company is a joint venture between US-based Dow Chemical and Kuwait’s Petrochemical Industries Co.

Saudi Arabia’s petrochemical giant SABIC and Shell have yet to announce their March ACP nominations.

By: Yolanda Chen

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