SABIC, the petrochemical major based in Saudi Arabia, has recently announced its June ACP price for MEG by keeping it stable at those declared for May, at US $650 per ton CFR Asia.
It may be recalled that SABIC had increased its MEG ACP price for May substantially by $110 per ton and also quoted higher than those implemented by Shell at $580 per ton and by MEGlobal at $600 per ton in May.