Dec. 1st, 2015- The Dynamic Reviews of MEG in the Market
Author: Dec 01, 2015 16:16
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168tex News: Today MEG price was stable in domestic market. Now the quotation of spot goods was around 4,380 Yuan/ton, the counteroffer was around 4,350 Yuan/ton and the transaction price stayed at 4,360-4,370 Yuan/ton. The futures price of MEG was at the same level in November and the quotation stayed at 4,250-4,300 Yuan/ton and the actual negotiating price was around 4,270-4,280 Yuan/ton. In addition, the quotation of MEG was stable in the overseas market. Now the quotation of cargo goods stayed at 565-570 dollars/ton and the negotiating discussion was around 550-560 dollars/ton. The bonded price was 570 dollars/ton and the negotiating price was quoted at 565 dollars/ton.
In the aspects of raw material, the naphtha price increased slightly in the market, now the naphtha price increased 2.38 dollars/ton to 459.75 dollars/ton CFR Japan. In addition, Asian Heterogeneous MX price showed a stable trend. Now the Heterogeneous MX price stayed at 674.5 dollars/ton FOB Korea. At the same time, the ethylene price was stable in the world. Now the ethylene price was around 1,055 dollars/ton in Northeast Asia, the price stayed at 1,055 dollars/ton CFR in Southeast Asia and the price decreased 14 dollars/ton to 981 dollars/ton CIF in Northwest Europe. 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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