Major suppliers announce December ACP for MEG
November 21, 2008 - Saudi Arabia
Surprisingly, this time monthly nomination for December was settled with out any disagreement.
Three key suppliers of raw material namely Sabic
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.