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April MEG European Contract Price

1 April 2020 / MEG Update

During today a first settlement of the April MEG European Contract Price was achieved at a price level of 515 €/MT.
Settlement was reached between a Thai owned global PET producer and a Polish based EO/MEG producer.
This first MEG ECP settlement comes at a time when the ECP for Ethylene settled down by €200/MT for April business to a level of €720/MT.