Weak MEG Demand because of High Spot Prices in Europe

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01 Sep 2011 13:44 Helen Clark

CHEMMONITOR.COM – High prices for monoethylene glycol (MEG) in Europe are weakening demand for the product. Wholesalers are not inclined to buy at the current price which is $1,357-1,429 (€950-1,000) per ton on cost, insurance and freight (CIF) basis North-West Europe (NWE). Resellers buy MEG primarily from the USA adding something to a replacement cost of $1343-1357 (€940-950) per ton on cost and freight (CFR) basis NWE to be in the black

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