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Live News | Time:Jun 19 2017 3:53PM
MEG market moves downward
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The market moves down in the afternoon with heavy wait-and-see stance. Bids of prompt goods are at 6,640-6,650yuan/mt against offers at 6,660-6,670yuan/mt. Several deals are concluded at 6,650-6,670yuan/mt. Bids of H2 Jul goods are at 6,600-6,610yuan/mt against offers at 6,620-6,630yuan/mt. Deals are concluded around 6,620-6,640yuan/mt.

The market retreats in the afternoon, and transactions are mainly for forward cargoes. Bids are mainly at $780/mt against offers at $790-795/mt. H2 Jul cargoes are traded at $790-795/mt.

$1=CNY 6.82
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