Ethylene Glycol Europe

摘要

The August monoethylene glycol contract price was initially settled this week, and tight supplies combined with strong demand to drive MEG barge prices up significantly this week. The Northwest European MEG August contract price was initially settled Monday at Eur1,048/mt ($1,508/mt) FD NWE between producer Shell and consumer Indorama, an increase of Eur4/mt from July. However, there was no second MEG settlement reported by the end of Friday. One PET producer said Tuesday he would like to follow but has not yet agreed with his suppliers.