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West European Contract Price for MEG

29 February 2016 / MEG Update

First March West European Contract Price for MEG

There was a first settlement for the MEG contract price for March at €711/MT on 27 February. This was settled between a Thailand-based PET producer and an MEG seller with assets in Canada. The market is waiting to see if this is followed as spot MEG prices in Europe go on increasing. The February MEG WECP level was agreed at €700/MT delivered.