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Asian producers continue to announce June MEG contracts

by ChemOrbis Editorial Team -
  • 18/05/2017 (11:34)
Market sources reported that Sabic and Shell have nominated their June MEG contracts to Asia with decreases. Sabic nominated its June MEG contracts at $890/ton CFR, down $75/ton from May while Shell announced its new contract price at $850/ton CFR Asia, down $60/ton from May.

Previously, MEGlobal had nominated its June MEG contract to Asia at $850/ton CFR, down $70/ton from May.

In Asia, spot MEG prices were last reported at around $730/ton on a CFR China basis, up $35/ton from a week earlier and from early May.
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