September contract price MEG Europe - Arhive
The September contract price of MEG in Europe increased by EUR13 per ton September contract price MEG Europe
MOSCOW – The contract price of monoethylene glycol (MEG) for September in Europe was agreed at EUR1,012 per ton, which is EUR13 per ton higher than the previous month, ICIS reported on Friday citing confirmation from the second buyer and the second seller .
The contract price of the MEG for September shipments was approved on the terms of delivery FD NWE (with delivery to North-Western Europe).September contract price MEG Europe
Previously, the initial contract price for the material was agreed between one seller and one buyer also by EUR13 per ton above the level of August, but then, after being agreed, other market participants did not support it.September contract price MEG Europe
The contract price is considered fully agreed upon after confirmation from at least two manufacturers (suppliers) and from two consumers.September contract price MEG Europe
The negotiations on the September contract price of MEG in Europe were very long, and the market had to wait for the final price negotiation.September contract price MEG Europe
Earlier it was noted that the contract price of MEG in Europe for the August deliveries was approved at the level of EUR999 per ton, which is EUR11 per ton below the July level.
MEG is the main raw material component for the production of PET.
According to the ICIS-MRC Price Review , in the Russian market, the cost of PET for contract customers in October rose sharply. Spot prices have not changed.
mrcplast.ru
Author: Margarita Volkova