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)
For more on PTA, MEG visit ICIS chemical intelligence
Please visit the complete ICIS plants and projects database
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections