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Shell announces April MEG contract higher to Asia

by ChemOrbis Editorial Team -
  • 22/03/2016 (11:22)
Market sources report that Shell has announced its April MEG contract to Asia. The producer’s new nomination stands at $840/ton CFR, up $80/ton from March.

Previously, MEGlobal nominated its April MEG contract at $850/ton CFR, up $100/ton from the previous month while SABIC announced its new contract with an increase of $110/ton from March at $870/ton with the same terms.

In Asia, spot MEG prices are currently reported at $695-700/ton CFR China, up around $20/ton from a week earlier.
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