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China’s Sinopec nominates April MEG, PTA, PX contracts

by ChemOrbis Editorial Team -
  • 29/03/2016 (14:52)
According to market sources, China’s Sinopec nominated its April MEG, PTA and PX contracts. The producer announced its April PTA contract with an increase of CNY50/ton ($8/ton) from the March settlement at CNY4800/ton ($629/ton without VAT). However, the new PTA nomination indicated a decrease of CNY100/ton ($15/ton) from the producer’s initial March announcement.

Meanwhile, Sinopec also nominated its MEG and PX contracts for April with larger increases of CNY275/ton ($42/ton) and CNY205/ton ($31/ton), respectively from March at CNY6100/ton ($799/ton without VAT) and CNY6300/ton ($826/ton without VAT).
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