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Shell, SABIC, MEGlobal nominate July MEG contracts to Asia

Oleh Tim Editorial ChemOrbis - content@chemorbis.com
  • 04/07/2016 (08:30)
According to market sources, Shell, SABIC and MEGlobal have announced their MEG contracts for July to Asia. Shell and SABIC nominated their July contracts at $760/ton CFR, down $20/ton and $30/ton, respectively from June. MEGlobal, meanwhile, announced its new contract with a rollover from June at $770/ton with the same terms.

In Asia, spot MEG prices increased approximately $10-15/ton on the week to be currently quoted at around $630-635/ton CFR China.
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