SABIC reduces MEG prices for August to USD750/tonne
Saudi Basic Industries Corporation (SABIC) [2010.SE] has offered to reduce its MEG Asia price for August by USD10/tonne to USD750/tonne, according to Argaam. The current spot price for MEG in East Asia has decreased 2% to USD620/tonne. (Argaam) SABIC: SAR83.26 as of 17 July 2016, Rating: Neutral, FV: SAR90.00 per share, MCap: USD66,608mn, SABIC AB / 2010.SE
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