Price Monoethylene Glycol Europe - Arhive
Price Monoethylene Glycol Europe
September contract price of MEG in Europe fell by EUR29 per ton
MOSCOW – The contract price of monoethylene glycol (MEG) for September in Europe was finally agreed at EUR606 per tonne, which is EUR29 per tonne lower than the level of the previous month, ICIS reported.
A minimum configuration of two manufacturers and consumers is required to consider the agreement fully confirmed.P
The MEG contract price for September shipments was agreed on the terms of delivery of FD NWE (with delivery to North-West Europe).
MEG along with terephthalic acid (PTA) is one of the main components for the production of polyethylene terephthalate (PET).
According to ScanPlast of Market Report, in Russia the total estimated consumption of PET in July of this year decreased by 4% compared to the figure a year earlier. In total, according to the results of the seven months of 2019, 428.79 thousand tons of PET were processed in the Russian Federation. Price Monoethylene Glycol Europe
Author: Anna Larionova