20 October 2011 13:40 [Source: ICIS news]
Asia MEG prices were assessed at $1,120–1,150/tonne CFR (cost & freight) CMP (
“The 6% drop in co-feedstock purified terephthalic acid (PTA) futures frightened every one in the market. Every one is panicked by such sharp falling,” a trader said.
“No one wants to buy cargoes as they are concerned prices will continue to drop tomorrow,” an end-user said.
Co-feedstock PTA fell by $60–65/tonne to $1,080-1,120/tonne CFR CMP on Thursday, according to ICIS.
($1 = €0.73)
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