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15-Jun-2016

SABIC reduces MEG prices for July to USD760/tonne

Saudi Basic Industries Corporation (SABIC) [2010.SE] has offered to reduce its MEG Asia price for July by USD30/tonne to USD760/tonne, according to Argaam. The current spot price for MEG in East Asia has increased to USD615/tonne. (Argaam) SABIC: SAR82.17 as of 14 June 2016, Rating: Neutral, FV: SAR90.00 per share, MCap: USD65,736 million, SABIC AB / 2010.SE

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