MEG sentiment was quiet in the morning session in Zhangjiagang of E-China on the back of stable crude values. At present buyers and sellers remained sidelined with the week end approaching, and buying interest was still low. Offers were quoted at Yuan 7,700-7,750/mt, and negotiations were heard at Yuan 7,650-7,700/mt, amid deal pricings being pegged at Yuan 7,600-7,650/mt.
DEG hold steady today in Zhangjiagang of E-China, and offers were pegged at Yuan 8,350-8,400/mt amid negotiations being pegged at Yuan 8,350/mt. Buying ideas were heard lower at Yuan 8,300/mt, but amid muted trades. In the afternoon, offers were quoted at Yuan 8,400-8,450/mt, and enquiries increased to Yuan 8,350/mt, amid thin transactions.
Today’s exchange rate: $1= CNY6.8262
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