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May MEG contracts nominated in Asia

by ChemOrbis Editorial Team - content@chemorbis.com
  • 17/04/2017 (14:02)
Market sources reported that several producers have nominated their May MEG contracts to Asia with decreases. MEGlobal nominated its May MEG contracts at $920/ton CFR, down $80/ton from April. Shell announced its new contract price at $910/ton CFR Asia, down $80/ton from April while Sabic nominated its new MEG contracts at $965/ton CFR, down $70/ton from the previous month.

Exxon is yet to nominate its May prices.

In Asia, spot MEG prices were last reported at around $735/ton on a CFR China basis, stable on the week and down $5/ton from early April.
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