Nov. 9th, 2015- The Dynamic Reviews of MEG in the Market
Author: Nov 09, 2015 14:29
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168tex News: Today MEG price decreased slightly in domestic market. Now the quotation of spot goods was around 4,880 Yuan/ton, the counteroffer was around 4,850 Yuan/ton and the transaction price stayed at 4,870-4,880 Yuan/ton. The futures price of MEG was at the same level in November and the quotation stayed at 4,890 Yuan/ton and the actual negotiating price was around 4,860 Yuan/ton. In addition, the market atmosphere of MEG was stable in the overseas market. Now the quotation of cargo goods stayed at 630 dollars/ton and the negotiating discussion was around 625 dollars/ton. The bonded price was 625 dollars/ton and the negotiating price was quoted at 625-630 dollars/ton.
In the aspects of raw material, the ethylene price moved up in the market. Northeast ethylene price increased 15 dollars/ton to 1,025 dollars/ton, Southeast ethylene price increased 45 dollars/ton to 1,055 dollars/ton CFR and Northwest ethylene price declined 10 dollars/ton to 797 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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