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Sinopec announces PX & MEG contract prices for Aug
Aug '14
Chinese petrochemical major, Sinopec’s PX contract prices for August showed a downward trend, while MEG contract prices were a roll over as compared to the settlement in July.

Contract price of PX for August was settled at RMB 10150/ton, lower by RMB 550/ton as compared to the contract price settlement in July.

Contract price of MEG for August was reported to have settled at RMB 7700/ton, which was a roll over as compared to the July’s settlement.

Set-up in 2000, Sinopec Corp has integrated upstream, midstream and downstream operations, strong oil & petrochemical core businesses and a complete marketing network.

Sinopec, one of the largest integrated energy and chemical company in China is involved across all segments of the crude oil value chain, including petrochemicals and chemical fibers.

Fibre2fashion News Desk - India

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