Monoethylene glycol MEG prices Europe - Arhive
MEG prices in Europe are on the downward trend.
MOSCOW – The prices of monoethylene glycol (MEG) in Europe are on a downward trend against the background of a wide supply of imported material, according to ICIS , citing market participants. Monoethylene glycol MEG prices Europe
Participants in the MEG market returned after the holidays, but demand is not as high as some sellers had hoped.
The prices of some deals fell below EUR700 per tonne, FCA NWE (North-West Europe). The spot prices for MEG truck delivery were in the range of EUR695-720 per tonne, FCA NWE.
Spot prices fell by EUR5 per ton at both ends of the range, with the result that prices reached EUR675-695 per ton, CIF NWE.
MEG is one of the key raw materials for the production of polyethylene terephthalate (PET). Monoethylene glycol MEG prices Europe
According to Scan Report Company Market Report, in January-November 2018, the estimated consumption of PET in Russia increased by 3% over the same period a year earlier and amounted to 628.66 thousand tons. Compared with November 2017, the total estimated material consumption in the Russian Federation increased by 38% and amounted to 56.74 thousand tons against 41.02 thousand tons last year.
mrcplast.ru
Author: Anna Larionova