MEGlobal announced its December Asian Contract Price (ACP) for monoethylene glycol (MEG) of US$930/MT CFR Asian main ports. In making this announcement, the company believes that the December ACP reflects the current supply/demand situation in the Asian market.
Demand, from the downstream end-users in China, is picking up in November as reflected from the relatively high operating rate. Overall inventory for MEG in China remains at reasonable levels. In addition, inventories of most polyester products in China are low.
On the supply side, all facilities in the MEGlobal supply network are currently operating normally.
MEGlobal is a world leader in the manufacture and marketing of merchant monoethylene glycol (MEG) and diethylene glycol.
marketing@alchempro.com
