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China’s Sinopec settles its July MEG, PTA contracts

by ChemOrbis Editorial Team -
  • 24/07/2015 (10:19)
According to market sources, China’s Sinopec has settled its July MEG and PTA contracts. The producer’s July MEG contract stands at CNY6950/ton ($970/ton without VAT), down CNY400/ton ($66/ton) from June.

In addition, Sinopec’s July PTA settlement was also reported with a decrease of CNY375/ton ($62/ton) from June at CNY4800/ton ($670/ton without VAT) on an ex-warehouse basis.
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