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MEG ACP reduced for arrivals in April
Mar '09
MEGlobal, the biggest worldwide producer of Monoethylene Glycol (MEG), has recently announced the Asian Contract Price (ACP) for arrivals in March 2009, which stands at US $540 per MT CFR Asian main ports.

It may be recalled that the MEG ACP prices released for arrivals in February and March 2009 by MEGlobal stood at $630 per MT. This means that MEGlobal has reduced prices by $90 per MT in April, when compared with those prevailing in the previous two months.

Meanwhile SHELL also nominated its MEG Asian contract price for April at $560 per MT (CFR, L/C 90days), down $50 per MT from March.

Fibre2fashion News Desk - India

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