Ethylene Glycol:Europe

摘要

NWE monoethylene glycol sellers were targeting a rise in the September contract price versus the August value of Eur755/mt ($960/mt) FD this week, with one producer hoping for a “substantial increase.” “We want Eur860-870/mt for the September contract price. We are talking about a starting point of Eur850/mt, but ideally we want more,” a producer said. “It’s a crazy situation on the spot CIF market. Most material coming in at the end of September is priced around Eur725/mt, which works out around Eur780/mt FCA. If you compare that to a discounted contract price it needs to be on the Eur860/mt level,” the source claimed. “There needs to be more connection between the contract and spot price,” the source added.