Saudi Basic Industries Corp (SABIC) has nominated its Asian contract prices for the month of May. Prices has been quoted around USD 1000/mt, increased by USD 40/mt compared to April’s nominated prices. This rise has been due to increasing prices of EMG in Asian market.
SABIC is one of the leading producers of MEG in the world. Along with MEGlobal and Shell has also nominated its ACP prices for the month of May.
