US spot export monoethylene glycol prices were assessed unchanged week on week Dec. 4 at 20-21 cents/lb FOB USG, based on stable pricing indications. The November US MEG contract price was assessed Dec. 4 at 26.22-26.72 cents/lb FOB, down 1.27 cents from the November assessment of 27.49-27.99 cents/lb. The contract price reflects a 3 cents/lb decrease in the December US benchmark contract price from November, and mixed movement among three Asia Contract Price (ACP) nominations with one higher, one lower and the third a rollover. The assessment is then 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 monoethylene glycol prices were assessed unchanged week on week Dec. 4 at 20-21 cents/lb FOB USG, based on stable pricing indications. The November US MEG contract price was assessed Dec. 4 at 26.22-26.72 cents/lb FOB, down 1.27 cents from the November assessment of 27.49-27.99 cents/lb. The contract price reflects a 3 cents/lb decrease in the December US benchmark contract price from November, and mixed movement among three Asia Contract Price (ACP) nominations with one higher, one lower and the third a rollover. The assessment is then 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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