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China’s Sinopec nominates January MEG contract

by ChemOrbis Editorial Team -
  • 13/01/2015 (17:50)
China’s Sinopec has nominated its January MEG contract price, according to market sources. The producer’s new nomination stands at CNY5800/ton ($809/ton without VAT), down CNY425/ton ($67/ton) from their December settlement.

In Asia, spot MEG prices decreased around $65-70/ton as of the beginning of January to be currently reported at around $680-685/ton on a CFR China basis.
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