S&P Global Platts assessed US spot export MEG prices unchanged on the week at 17-18 cents/lb FOB USG, in line with indications heard in the market. The US August MEG contract price remained assessed at 22.80-23.30 cents/lb FOB, unchanged from the July assessment of 22.80-23.30 cents/lb FOB. The contract price reflects a rollover of the July US benchmark contract price, and unchanged 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, according to market feedback.
S&P Global Platts assessed US spot export MEG prices unchanged on the week at 17-18 cents/lb FOB USG, in line with indications heard in the market.<br> The US August MEG contract price remained assessed at 22.80-23.30 cents/lb FOB, unchanged from the July assessment of 22.80-23.30 cents/lb FOB.<br> The contract price reflects a rollover of the July US benchmark contract price, and unchanged 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, according to market feedback.
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