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December MEG contracts nominated in Asia

by ChemOrbis Editorial Team - content@chemorbis.com
  • 11/12/2015 (11:50)
Market sources report that several producers have nominated their December MEG contracts to Asia. SABIC nominated its December MEG contract at $770/ton CFR, down $70/ton from November while Shell announced its new contract with a higher decrease of $80/ton from November at $780/ton with the same terms.

On the high end of the new MEG announcements for December, MEGlobal nominated its December contract $90/ton lower from the previous month at $790/ton CFR.

In Asia, spot MEG prices are reported at around $545/ton on a CFR China basis, down $10/ton from a week earlier.
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