China: Sinopec hikes Nov naphtha ex-refinery price by Yuan 470/mt
Write:
Cohn [2011-05-20]
Sinopec set November naphtha ex-refinery price for its underlying refineries at Yuan 5,840/mt, sharply up Yuan 470/mt from October, a source with the refiner said. Ex-refinery price of naphtha supplied to eastern chemical enterprises by Tahe Refinery would be lifted from Yuan 4,870/mt to Yuan 5,340/mt at the same time, added the source.
Starting from Jan 1 of 2005, Sinopec adjusts its naphtha ex-refinery prices at the beginning of every month, taking average CFR Japan and average FOB Singapore in previous month as reference.
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