14 September 2012 04:02 [Source: ICIS news]
Offers rose to $1,150-1,160/tonne CFR (cost & freight) China Main Port (CMP) on Friday morning, compared with $1,115-1,120/tonne CFR CMP seen on 14 September.
Sporadic bids were heard at $1,040/tonne CFR CMP for bonded warehouse cargoes.
Bids were limited as most buyers were watching the market and have yet to decide to make commitments on the last working day of the week, market sources said.
Asia’s spot MEG prices were assessed at $1,112-1,115/tonne CFR CMP, a steep hike of $47-52/tonne week on week amid upbeat sentiment on the back of positive developments on the macroeconomic front.
($1 = €0.77)
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