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Asian producers continue to nominate July MEG contracts

by ChemOrbis Editorial Team -
  • 15/06/2017 (15:58)
Market sources reported that Sabic and Shell nominated their July MEG contracts to Asia with increases. Accordingly, Sabic nominated its new MEG contract at $950/ton CFR Asia, while Shell announced its new contract price at $960/ton CFR Asia, up $60/ton and $110/ton from June respectively.

Previously, MEGlobal had nominated its July MEG contract to Asia at $910/ton CFR, up $60/ton from June.

Meanwhile, spot MEG prices in Asia were last reported at $805/ton, up $30 from a week earlier and up $40/ton from early June.
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