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First December 2016 Asia MEG market update

10 November 2016 / MEG Update

As spot prices in China increase even further over the short term to unexpected levels, close to $750 CFR on 10/11 the first ACP nomination was posted. The nomination by MEGlobal was for $900 an increase of $90 from the November number of $810 /MT

The December ACP reflects the short term supply/demand situation in the Asian market.