Initial settlement MEG for June in North-West Europe at €795/MT FD.
The Europe May monoethylene glycol contract price has been confirmed alongside an initial June settlement at €795/MT FD North-West Europe.
The May figure represents a decrease of €25/MT on April, and was first settled almost a month ago.
As for June, the market went from not knowing what direction prices would go, to firming sentiment following another increase upstream and problems at Shell in the Netherlands and at INEOS Oxide in France. It is also the shutdown season.