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Two producers nominate Nov MEG contracts in Asia

by ChemOrbis Editorial Team - content@chemorbis.com
  • 24/10/2014 (10:26)
Two major producers have nominated their November MEG contracts to Asia, according to market sources. One of the producers announced their MEG contract for November at $1000/ton CFR Asia, down $120/ton from their October nomination.

A second producer also nominated their November MEG contract to Asia at $1000/ton CFR, down $100/ton from October.

Previously, a global producer had announced their November MEG contract to Asia at $960/ton CFR. The producer’s November nomination indicates a $160/ton decrease from their October contract price.

In Asia, spot MEG prices are down around $45/ton when compared to the initial October levels to be currently quoted at around $850/ton CFR China. On a weekly basis, spot MEG prices have gained $40/ton.
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