25 Jun PX/PTA/MEG Daily news at China– 6/25/2018
FOB Korea $932, FOB Rdam $915, FOB China mainport $951
PTA values went range-bound. Spots offers were of 80-85 yuan/ton premium to PTA futures TA1809. Offers for goods on warehouse receipts were of around 50 yuan premium. Deals were heard at 5,670 yuan/ton self-lifting.
Domestic MEG market went range-bound. Spot deals were talked at 6,760-6,780 yuan/ton, and H2 July deliveries maintained small-range contango. USD-based MEG values held stable. Major offers for nearby-month cargoes were slightly above $885/ton, and bids were at $880/ton, with discussions at $885/ton for prompt, while forward month cargoes were talked with 3-5 yuan/ton discount.