SABIC increases MEG prices for January by 25% M-o-M
Saudi Basic Industries Corporation (SABIC) [2010.SE] has proposed increasing its Asian MEG price for January 2017 by USD210/tonne (+25%) to USD1,050/tonne, according to Argaam. The last time SABIC’s Asian MEG price was above USD1,000/tonne was in August 2015. The current spot price for MEG in East Asia is at USD840/tonne. (Argaam) SABIC: SAR94.64 as of 13 Dec, Rating: Neutral, TP: SAR90.00/share, MCap: USD75,712mn, SABIC AB / 2010.SE
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