MEGlobal announced its Asian Contract Price (ACP) for monoethylene glycol (MEG) at US $1380 / ton (CFR Asian main ports), for arrivals in November 2011.
This is down US $70 / ton from the October ACP, when it stood at $1450 / ton (CFR Asian main ports).
MEGlobal is a world leader in the manufacture, supply and marketing of merchant MEG and diethylene glycol (DEG), collectively known as ethylene glycol (EG).
MEGlobal produces more than one million tons of EG per year at its three manufacturing plants in Alberta, Canada.
In addition to production, MEGlobal is the largest transporter of EG in the world, marketing in excess of 3.5 million tons from its world-leading supply partners.
Fibre2fashion News Desk - India
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