Sinopec set December naphtha ex-refinery price for its underlying refineries at Yuan 6,120/mt, up Yuan 280/mt from November, a source with the refiner said. Ex-refinery price of naphtha supplied to eastern chemical enterprises by Tahe Refinery would be lifted from Yuan 5,340/mt to 5,620/mt in December, 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.
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.
