The initial price for MEG in Europe for April deliveries fell by EUR20 per tonne – The initial contract price of monoethylene glycol (MEG) in Europe for April deliveries was agreed at the level of EUR965 per tonne, which is EUR20 per ton lower than the March contract prices – Price MEG Europe April - Arhive

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The initial price for MEG in Europe for April deliveries fell by EUR20 per tonne

Price MEG Europe April MOSCOW – The initial contract price of monoethylene glycol (MEG) in Europe for April deliveries was agreed at the level of EUR965 per tonne, which is EUR20 per ton lower than the March contract prices, ICIS informed one buyer and one seller.

The contract price of MEG in the European market in March was agreed at the level of EUR985 per ton, which is EUR12 per ton lower than the level of the previous month.

The contract price was agreed on the terms of FD NWE (with delivery to North-Eastern Europe).

The contract price is considered fully agreed upon after confirmation from a minimum of two manufacturers and from two consumers.

MEG along with terephthalic acid (TPA) is one of the main components for the production of polyethylene terephthalate (PET).

According to ScanPlast of the Market Report company, in January 2018, PET imports to Russia amounted to 2.26 thousand tons against 10.51 thousand tons a year earlier. Imported 1.71 thousand tons of imported supplies were for injection bottles, while a year earlier, in January, 7.50 thousand tons of bottled PET was imported. A significant share of imports in January 2018 was occupied by Chinese PET brands. Without taking into account the import of PET granules from the countries of the customs union (Belarus, Kazakhstan), the share of PET from China was 89%.

mrcplast.ru

Author:                Anna Larionova

 

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