Home / Knowledge / News / Textiles / MEG Asian contract prices have split nomination for January
MEG Asian contract prices have split nomination for January
Dec '08
SABIC has announced the spot Asian Contract Price (ACP) for January of monoethylene glycol (MEG) at US $600 per MT, which is down by US $10 per MT when compared to that of December. This drop in prices has come about in the backdrop of ethylene plants intending to restart their operations in light of drop in prices of feedstock materials.

MEGlobal, a major manufacturer of MEG on the other hand has announced its ACP at US $630 per MT, Asian main ports for deliveries in January 2009, which is higher than the price quoted for December. Prices have slowly started moving upwards and have crossed the psychological US $500 per MT mark in China.

The relatively tight demand and supply situation persisting in the market currently seems to be supporting the price increase, but the scales may be tipped in case a few more plants restart their operations.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Interviews View All

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search