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5 August 2019 / MEG Update

The August MEG WECP was settled at €635/MT DDP, down €35/MT from the July level of €670/MT. The first settlement was done between a Thai based PET producer and a Polish EO/MEG producer. This was followed by a second settlement at the same level, agreement reached between a German owned Benelux EO/MEG producer and a Spanish PET producer.
The ethylene contract price for August in Europe was settled up €10 at €1,010/MT.