China’s Sinopec has increased its July prices for PTA and MEG in the domestic market on the back of strong demand.It finalised its PTA price at yuan (CNY)7,350/tonne ($1,076/tonne) DEL (delivered), up CNY250/tonne from June's level. Its MEG contracts for July, meanwhile, were settled at CNY5,600/tonne DEL, CNY650/tonne higher than June's settlement price. "Demand from the downstream market has been very strong, polyester sales were very favourable and the whole market was essentially booming," one of the officials said.