p>Sinopec set October naphtha ex-refinery price for its underlying refineries at Yuan 5,370/mt, up Yuan 60/mt from September, a source with the refiner told C1. Ex-refinery price of naphtha supplied to eastern chemical enterprises by Tahe Refinery would be lifted from Yuan 4,810/mt to 4,870/mt in October, 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.
China Chemical Weekly: http://news.chemnet.com/en/detail-1411716.html
