Dec. 7th, 2015- The Dynamic Reviews of MEG in the Market
Author: Dec 07, 2015 15:24
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168tex News: Today MEG price declined slightly in domestic market. Now the quotation of spot goods was around 4,350-4,370 Yuan/ton, the counteroffer was around 4,300 Yuan/ton and the transaction price stayed at 4,320 Yuan/ton. The futures price of MEG was at the same level in November and the quotation stayed at 4,350 Yuan/ton and the actual negotiating price was around 4,250-4,270 Yuan/ton. In addition, the quotation of MEG was stable in the overseas market. Now the quotation of cargo goods stayed at 560-565 dollars/ton and the negotiating discussion was around 550-555 dollars/ton. The bonded price was 560 dollars/ton and the negotiating price was quoted at 555 dollars/ton.
In the aspects of raw material, the ethylene price kept firm in the world. Now the ethylene price was about 1,060 dollars/ton in Northeast Asia, the price stayed at 1,065 dollars/ton CFR in Southeast Asia and the price decreased 31 dollars/ton to 980 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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