Monoethylene Glycol MEG Europe contract prices - Arhive

Monoethylene Glycol MEG Europe

October MEG price in Europe agreed at EUR26 per tonne higher than September

Monoethylene Glycol MEG Europe

MOSCOW – The contract price of monoethylene glycol (MEG) for October in Europe was finally agreed at EUR632 per tonne, which is EUR26 per tonne higher than the previous month, ICIS reported citing confirmation from the second buyer and second seller.

The MEG contract price for October shipments was agreed on terms of delivery of FD NWE (with delivery to North-West Europe) with a significant delay, i.e. a few weeks after the first approval.

Thus, the necessary configuration was achieved for approving the contract price: confirmation was received from two manufacturers / sellers and two consumers / buyers.

Also, along with the final approval of the contract price for October, the initial contract price of the MEG for November deliveries in Europe was agreed.

It should be noted that in the current year, the monthly monthly final approval of MEG contract prices for the most part of the year was delayed, only a few months were approved on time.Monoethylene Glycol MEG Europe

MEG along with terephthalic acid (TFA) is one of the main components for the production of polyethylene terephthalate (PET). Monoethylene Glycol MEG Europe

According to the ICIS-MRC Price Survey , the cost of PET granulate in China will continue to put downward pressure on Russian material prices by the end of the year.

Prices in the region have already reached levels that are only USD30-50 per tonne higher than the minimum prices for the previous 10 years.

Against this background, a further decrease in the cost of Russian granulate for contract buyers in December by about 3 thousand rubles is expected. per ton. This month, formula prices are in the range of 75,000-78,000 rubles. per tonne, CPT Moscow, including VAT.

Author:Margarita Volkova

Monoethylene Glycol MEG Europe

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