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China’s Sinopec settles MEG, PTA contracts for June

by ChemOrbis Editorial Team -
  • 26/06/2015 (14:20)
China’s Sinopec has reportedly settled its MEG and PTA contracts for June, according to market sources. The producer’s new MEG contract is reported at CNY7350/ton ($1026/ton without VAT) ex-warehouse, down CNY500/ton ($82/ton) from May.

The June PTA contract, meanwhile, was settled at CNY5175/ton ($722/ton without VAT) with the same terms, a decrease of CNY175/ton ($29/ton) from the previous month.
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