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Europe MEG May contract price fully confirmed at €965/tonne

LONDON (ICIS)--The European monoethylene glycol (MEG) May contract price has been fully confirmed at €965/tonne (1,253/tonne), down €55/tonne from April, buyers and sellers said on Friday.

"[The price] is on the low side and doesn’t help the glycol business in Europe. We reached the bottom already with the last month contract price and we are not able to recover a bit. At least it doesn't get much worse," the seller who followed the initial agreement said.

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