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China: PetroChina raises Nov naphtha ex-refinery price by Yuan 138/mt

China: PetroChina raises Nov naphtha ex-refinery price by Yuan 138/mt

Write: Reading [2011-05-20]
PetroChina set November naphtha ex-refinery price for its subsidiary refineries at Yuan 5,111/mt, up Yuan 138/mt or 2.78% 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.


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