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China’s Sinopec settles PTA, MEG contracts for October

by ChemOrbis Editorial Team -
  • 31/10/2014 (13:09)
China’s Sinopec has settled their PTA and MEG contracts for October, according to market sources. The producer’s October PTA contract stands at CNY6050/ton ($842/ton without VAT), down CNY850/ton ($139/ton) from September.

The producer also settled their October MEG contracts at CNY6250/ton ($870/ton without VAT), down CNY800/ton ($131/ton) from their September settlement.

Meanwhile, the producer has announced their November PAT and MEG contracts at CNY6100/ton ($849/ton without VAT) and at CNY6500/ton ($905/ton without VAT), respectively. Their new PTA contract represents a CNY50/ton ($8/ton) increase from October while the MEG contract price is up CNY250/ton ($41/ton) from the previous month.
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