PetroChina set January naphtha ex-refinery price for its subsidiary refineries at Yuan 5,833/mt, sharply up Yuan 409/mt or 7.54% from the previous month, according to a source with the oil oligarch.
The major has changed its pricing system for naphtha since Sep 1 of 2005, by taking FOB Singapore Mean in the period starting from 26th of the previous month to 25th of the front month as reference for its naphtha ex-refinery price of the next month, according to a notification released by the oil giant earlier.
The major has changed its pricing system for naphtha since Sep 1 of 2005, by taking FOB Singapore Mean in the period starting from 26th of the previous month to 25th of the front month as reference for its naphtha ex-refinery price of the next month, according to a notification released by the oil giant earlier.
