Oct. 16th, 2015- The Dynamic Reviews of MEG in the Market
Author: Oct 16, 2015 14:13
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168tex News: Today MEG price increased slightly in domestic market. Now the quotation of spot goods increased to 5,350 Yuan/ton, the counteroffer was around 5,300-5,320 Yuan/ton and the transaction price stayed at 5,350 Yuan/ton. The futures price of MEG was at the same level in November and the quotation stayed at 5,360-5,380 Yuan/ton and the actual negotiating price was around 5,350 Yuan/ton. In addition, the market atmosphere of MEG was general in the overseas market. Now the quotation of cargo goods stayed at 685-690 dollars/ton and the negotiating discussion was around 685 dollars/ton. The bonded price was 695 dollars/ton and the negotiating price was quoted at 690 dollars/ton.
In the aspects of raw material, the ethylene price also increased in the market. Northeast ethylene price rose 10 dollars/ton to 935 dollars/ton. Southeast ethylene price increased 10 dollars/ton to 900 dollars/ton CFR and Northwest ethylene price increased 6 dollars/ton to 874 dollars/ton CIF. Furthermore, PTA price was weak in China. It was expected that MEG price would be down in the short term.
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Editor: sunny From: 168Tex.com
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