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MEGlobal once again increases MEG (ACP) for June arrivals

18
May '09
MEGlobal, the biggest worldwide producer of Monoethylene Glycol (MEG), has recently announced the Asian Contract Price (ACP) for arrivals in June, which stands at US $630 per MT CFR Asian main ports.

It may be recalled that the MEG ACP prices released for arrivals in May by MEGlobal stood at $600 per ton, which means an increase of $30 per ton in prices for deliveries in the month of June.

MEGlobal is a joint venture between US Dow Chemical and Kuwait's Petrochemical Industries Company and is the biggest worldwide producer of MEG. Shell has also increased its MEG CFR Asia prices by $40 to $620 per ton for June deliveries.



Fibre2fashion News Desk - India


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