Ethylene Glycol Europe

摘要

The May contract price for MEG in Northwest Europe wasfully settled at Eur1,034/mt ($1,537/mt), a decrease ofEur66/mt from April. The second settlement was donebetween producer BASF and consumer Trevira, a source atTrevira confirmed Friday morning. “I think it’s OK, it isreflecting what is going on in the marketplace,” theTrevira source said. The initial settlement was betweenMEGlobal and Indorama. The price reflected currencymovements but fell shy of the company’s target, anMEGlobal source said. Two PET producers yet to settle theMay contract said they were targeting even largerdecreases, around Eur100/mt.