Nov. 18th, 2015- The Dynamic Reviews of MEG in the Market
Author: Nov 18, 2015 16:37
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168tex News: Today MEG price declined slightly in domestic market. Now the quotation of spot goods was around 4,550-4,600 Yuan/ton, the counteroffer was around 4,550 Yuan/ton and the transaction price stayed at 4,550 Yuan/ton. The futures price of MEG was at the same level in November and the quotation stayed at 4,450 Yuan/ton and the actual negotiating price was around 4,400 Yuan/ton. In addition, the market atmosphere of MEG was stable in the overseas market. Now the quotation of cargo goods stayed at 590-595 dollars/ton and the negotiating discussion was around 590 dollars/ton. The bonded price was 600 dollars/ton and the negotiating price was quoted at 585-590 dollars/ton.
In the aspects of raw material, the ethylene price was stable in the market. Northeast ethylene price stayed at 1,040 dollars/ton, Southeast ethylene price was around 1,065 dollars/ton CFR and Northwest ethylene price decreased 6 dollars/ton to 964 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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