Surprisingly, this time monthly nomination for December was settled with out any disagreement.
Three key suppliers of raw material namely Sabic, Shell and MEGlobal have settled the prices at $610 per ton CFR.
Official sources from MEGlobal confirmed Fibre2fashion, that the MEGlobal Asian Contract Price (ACP) for monoethylene glycol (MEG) will be US $610 per MT CFR Asian main ports for arrival December 2008.
The MEGlobal ACP for December reflects the short term supply/demand situation in the Asian market.
Fibre2fashion News Desk - India
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