China BG prices rise to 11-month high, may extend gains

摘要

MELBOURNE (ICIS)--Spot butyl glycol (BG) prices into China may extend gains after reaching an 11-month high on the back of a post-holiday domestic market rally, market participants said on Thursday. China BG prices have amassed 19.7% of gains in the 13 weeks ended 12 October to settle at an average of $1,017.50/tonne CFR (cost & freight) China on a zero antidumping duty (ADD) basis, subject to import duty, according to data compiled by ICIS. The mid-point of the price also re-entered the four-digit territory for the first time since November 2015, ICIS data showed.