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May MEG contracts fully settle in Europe

by ChemOrbis Editorial Team -
  • 22/05/2015 (18:14)
According to market sources, May MEG contracts have been fully settled in Europe. The new contract figure was confirmed at an initial settlement of €1080/ton ($1200/ton), up €135/ton ($150/ton) from April.

Sources also stated that tight supply and stronger demand from the European automotive market have pushed spot prices higher.
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