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MEG WECP September

5 September 2019 / MEG Update

The September MEG WECP was settled at €606/MT DDP, down €29/MT from the August level of €635/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 global MEG producer with assets in North America and the Middle East and a Lithuanian PET producer with assets in Lithuania.

The ethylene contract price for September was settled down €40/MT at €970/MT.