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China: PetroChina raises Sep naphtha ex-refinery price by Yuan 294/mt

China: PetroChina raises Sep naphtha ex-refinery price by Yuan 294/mt

Write: Taylor [2011-05-20]
p>PetroChina is expected to lift naphtha ex-refinery price for its subsidiary refineries by Yuan 294/mt to Yuan 4,913/mt as from Sep 1, 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.


China Chemical Weekly: http://news.chemnet.com/img/articles/140/1409957_0.pdf