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China’s Sinopec cuts its MEG, PTA contracts for July

by ChemOrbis Editorial Team - content@chemorbis.com
  • 16/07/2015 (10:55)
According to media reports, China’s Sinopec cut its MEG and PTA nominations for July. The producer revised its July MEG contract down to CNY7100/ton ($990/ton without VAT) from its initial nomination of CNY7500/ton ($1046/ton without VAT).

Sinopec also lowered its July PTA announcement to CNY5000/ton ($700/ton without VAT) from its initial level of CNY5300/ton ($740/ton without VAT).
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