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SABIC raises MEG ACP for deliveries in May sharply
24 Apr '09
1 min read
SABIC, the petrochemical major based in Saudi Arabia, has recently announced its May ACP price for MEG by increasing it by US $110 to $650 per ton CFR, in comparison to it April ACP.
SABIC has increased its MEG ACP price substantially when compared to those implemented by Shell at $580 per ton and by MEGlobal at $600 per ton. Spot levels in China are around $580-590 per tonne CFR.
SABIC has increased its MEG ACP price substantially when compared to those implemented by Shell at $580 per ton and by MEGlobal at $600 per ton. Spot levels in China are around $580-590 per tonne CFR.
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