Saudi Basic Industries Corporation (SABIC) has nominated a lower price for its October Asian Contract Price (ACP) for monoethylene glycol (MEG) to $860 per ton, a month-on-month reduction of $90.
MEG spot market price rose to $715 per ton last week.
SABIC, MEGlobal, and Shell Chemicals— the world’s top three sellers of MEG— often determine the prices of MEG in the Asian markets. The companies typically give their clients competitive discounts compared to the announced prices.
MEGlobal has set October’s contract at $880 a ton, $60 less than September.
SABIC is the world’s largest producer of MEG, a material used mainly as feedstock in the downstream polyester industry.
|
|||
|
Price (USD per ton) |
Month |
|
|
$50- |
950 |
January |
|
|
-$70 |
880 |
February |
|
|
- - |
880 |
March |
|
|
+ $80 |
960 |
April |
|
|
+ $40 |
1000 |
May |
|
|
+$120 |
1,120 |
June |
|
|
-$20 |
1,100 |
July |
|
|
-$80 |
1,020 |
August |
|
|
-$70 |
950 |
September |
|
|
-$90 |
860 |
October |
|
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}