MEG monoethylene glycol prices Europe
MEG spot prices in Europe continue to decline MEG monoethylene glycol prices Europe
MOSCOW – The spot prices for monoethylene glycol (MEG) in Europe continue to decline, following a downward trend in Asia, ICIS reported, citing market participants.
The MEG market in Europe is currently considered to be a shopper market, after prices have been on a downtrend for some time. MEG monoethylene glycol prices Europe
The downward trend is in line with the continued downtrend in the Asian market.
Last week, MEG spot prices in Europe fell by EUR25 per tonne to EUR720-735 per tonne to CIF,NWE (North-West Europe). MEG monoethylene glycol prices Europe
In addition, low water levels on the Rhine River continued to bring problems in the delivery of material in the region, depending on location. MEG monoethylene glycol prices Europe
MEG along with terephthalic acid (TFA) is one of the main components for the production of polyethylene terephthalate (PET).
According to the ICIS-MRC Price Review , the cost of Russian PET in November for spot and contract buyers will be in the range of 110,000-115,000 rubles. per ton, CPT Moscow, including VAT.
November is traditionally the market for PET buyers when the supply of material exceeds the demand for it.
Author: Anna Larionova