NewsFlashSABIC rolls over Aug ACP at $1,010/t

10 July 2007 12:18  [Source: ICIS news]

SINGAPORE (ICIS news)--SABIC has rolled over its Asian contract price (ACP) for monoethylene glycol (MEG) at $1,010/tonne to August from July, a company source said on Tuesday.

 

The ACP was settled on a CFR (cost and freight) Asia basis.

 

The source did not offer any reason behind the rollover. Earlier this week, fellow MEG suppliers MEGlobal and Shell Chemicals also rolled over their prices to August, at $1,020/tonne and $990/tonne CFR Asia respectively.

 

Spot prices meanwhile edged higher towards $940/tonne CFR China, up about $10/tonne from last Friday’s levels.

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Author: Salmon Aidan Lee
+65 6780 4359

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