MEG West-European CP

5 January 2018 / MEG Update

There has been a confirmation for the December WECP at €950/MT DDP between a German owned EO/MEG producer with Benelux assets and a Spanish based PET producer. At the same time a first settlement was agreed for January WECP for MEG at €964/MT DDP.
At the same time we have been informed that today 1,000 tonnes of monoethylene glycol were traded in the spot market at €861/MT CFR ARA for January delivery.