January contract price of MEG in Europe increased by EUR14 – MEG Price Europe
MEG Price Europe MEG Price Europe MEG Price Europe MEG Price Europe MEG Price Europe
January contract price of MEG in Europe increased by EUR14
MOSCOW – The contract price of monoethylene glycol (MEG) in Europe for January supplies was finally agreed at the level of EUR964 per ton, which is EUR14 higher than the level of December, ICIS informed the second buyer and seller on the market.
Prices were agreed on the terms of FD NWE (north-east Europe).
According to the ScanPlast Market Report, the European prices of paraxylene and MEG in December did not change. The contract price of TPC in Europe for the month increased by EUR17 per tonne to the range of EUR656-690 per ton.
In December, the average price of MEG in the Chinese market increased by USD11 per tonne, and TPK by USD8 to the range of USD710-730 per ton. The cost of MEG at Russian plants in December was in the range of 62,000-68,500 rubles. per ton, EXW.
MEG is one of the main raw materials for the production of polyethylene terephthalate (PET).
Author: Anna Larionova
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