Oct. 21st, 2015- The Dynamic Reviews of MEG in the Market
Author: Oct 21, 2015 15:49
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168tex News: Today MEG price decreased slightly in domestic market. Now the quotation of spot goods decreased to 5,080-5,100 Yuan/ton, the counteroffer was around 5,050-5,070 Yuan/ton and the transaction price stayed at 5,080 Yuan/ton. The futures price of MEG was at the same level in November and the quotation stayed at 5,060-5,080 Yuan/ton and the actual negotiating price was around 5,050 Yuan/ton. In addition, the market atmosphere of MEG was general in the overseas market. Now the quotation of cargo goods stayed at 655 dollars/ton and the negotiating discussion was around 650 dollars/ton. The bonded price was 645 dollars/ton and the negotiating price was quoted at 650 dollars/ton.
In the aspects of raw material, the ethylene price moved up in the market. Northeast ethylene price increased 20 dollars/ton to 960 dollars/ton. Southeast ethylene price stayed at 920 dollars/ton CFR and Northwest ethylene price increased 2 dollars/ton to 842 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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