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China’s Sinopec settles December MEG, PTA contracts

by ChemOrbis Editorial Team - content@chemorbis.com
  • 23/12/2015 (15:03)
According to market players, China’s Sinopec settled its December MEG and PTA contracts. The producer settled its December MEG contract with a decrease of CNY275/ton ($42/ton) from November at CNY4575/ton ($603/ton without VAT). Sinopec also settled its PTA contract for December CNY355/ton ($55/ton) lower at CNY4570/ton ($603/ton without VAT).

Previously, as reported in ChemOrbis plastics news, market sources reported that the company settled its December PX contract with a decrease of CNY35/ton ($5/ton) from November at CNY6015/ton ($793/ton without VAT).
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