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, 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.