China’s Sinopec nominates PX, PTA and MEG Aug contract offers

30 July 2014 10:59 Source:ICIS News

SINGAPORE (ICIS)--China’s Sinopec has nominated its Paraxylene (PX), purified terephthalic acid (PTA) and monethylene glycol (MEG) August contract offers, a company source said on Wednesday.

The company’s PX nomination stands at yuan (CNY) 10,700/tonne, the source said.

Sinopec has nominated its August contract for both its PTA and MEG at CNY7,900/tonne, the source added.

The company settled its July PX, PTA, MEG contract prices at CNY10,700/tonne, CNY7,900/tonne, and CNY7,700/tonne respectively.

By Samuel Wong