Ethylene glycol manufacturer MEGlobal has kept its Asian Contract Price (ACP) for monoethylene glycol (MEG) for November 2013 unchanged at October contract prices.
The company has announced its Asian contract price for MEG at US$ 1220/ton CFR Asian main ports arrival in November 2013, which is same as the company’s Asian contract price for October 2013.
The company’s decision to retain October contract price for November as well reflects the short term MEG supply/demand situation in the Asian market.
Established in 2004, MEGlobal is a joint venture between The Dow Chemical Company of the United States, and Petrochemical Industries Company (PIC) of Kuwait.
Source:
http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=153843
