Shell, SABIC announce Feb MEG contracts in Asia
by ChemOrbis Editorial Team - content@chemorbis.com
According to market sources, SABIC and Shell have nominated their February MEG contract prices at $750/ton and $760/ton CFR Asia, respectively.
SABIC’s latest nomination was $90/ton higher from January, while Shell’s nomination indicated a larger increase of $120/ton. MEGlobal’s February MEG contract stands at $740/ton CFR Asia, up by $40/ton from its January nomination, meanwhile.
Spot MEG prices in Asia were last reported at around $590/ton CFR China, up by $65/ton from late December, according to ChemOrbis Price Wizard.
SABIC’s latest nomination was $90/ton higher from January, while Shell’s nomination indicated a larger increase of $120/ton. MEGlobal’s February MEG contract stands at $740/ton CFR Asia, up by $40/ton from its January nomination, meanwhile.
Spot MEG prices in Asia were last reported at around $590/ton CFR China, up by $65/ton from late December, according to ChemOrbis Price Wizard.
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