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Initial January MEG contract settles in Europe

by ChemOrbis Editorial Team -
  • 20/01/2015 (17:40)
According to market sources, an initial January MEG contract has been settled in Europe. The new settlement stands at €780/ton ($903/ton) FD NWE, down €46/ton from December.

Buyers had been expecting decreases similar to the level seen in Asian markets but MEG buyers reportedly found the new contract price too high. However, European MEG producers cited the weaker euro against the dollar as the reason behind the higher than expected settlement price.
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