Oct. 30th, 2015- The Dynamic Reviews of MEG in the Market
Author: Oct 30, 2015 16:14
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168tex News: Today MEG price decreased slightly in domestic market. Now the quotation of spot goods decreased to 4,910-4,930 Yuan/ton, the counteroffer was around 4,900-4,910 Yuan/ton and the transaction price stayed at 4,910-4,920 Yuan/ton. The futures price of MEG was at the same level in November and the quotation stayed at 4,910-4,930 Yuan/ton and the actual negotiating price was around 4,920 Yuan/ton. In addition, the market atmosphere of MEG was cold in the overseas market. Now the quotation of cargo goods stayed at 635-640 dollars/ton and the negotiating discussion was around 635 dollars/ton. The bonded price was 630 dollars/ton and the negotiating price was quoted at 635 dollars/ton.
In the aspects of raw material, the ethylene price declined in the market. Northeast ethylene price decreased 5 dollars/ton to 1,000 dollars/ton. Southeast ethylene price was around 1,010 dollars/ton CFR and Northwest ethylene price decreased 8 dollars/ton to 804 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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