US spot export MEG prices were assessed 2 cents/lb lower on the week on Oct.30 at 25-26 cents/lb FOB USG, in line with market indications of lower prices. The US October MEG contract price remained assessed at 27.00-27.50 cents/lb FOB, up 2.24 cents from the September assessment of 24.76-26.26 cents/lb FOB. The contract price reflects a 4 cents/lb increase in the October US benchmark contract price from September, and higher Asia contract price (ACP) nominations, based on a weighted formula that discounts the North American benchmark price by 15% and the ACP average by 5%, with each segment equally weighted, per market feedback.
US spot export MEG prices were assessed 2 cents/lb lower on the week on Oct.30 at 25-26 cents/lb FOB USG, in line with market indications of lower prices. The US October MEG contract price remained assessed at 27.00-27.50 cents/lb FOB, up 2.24 cents from the September assessment of 24.76-26.26 cents/lb FOB. The contract price reflects a 4 cents/lb increase in the October US benchmark contract price from September, and higher Asia contract price (ACP) nominations, based on a weighted formula that discounts the North American benchmark price by 15% and the ACP average by 5%, with each segment equally weighted, per market feedback.<br>
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