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Shell, SABIC, MEGlobal nominate August MEG contracts to Asia

by ChemOrbis Editorial Team -
  • 04/08/2016 (14:15)
According to market sources, Shell, SABIC and MEGlobal have announced their MEG contracts for August to Asia. Shell and SABIC nominated their August contracts at $760/ton CFR, a rollover from July. MEGlobal also announced its new contract with a rollover from July at $770/ton with the same terms.

In Asia, spot MEG prices declined approximately $30-35/ton from early July levels to be currently quoted at around $600-605/ton CFR China.
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