Trade Resources Company News Sinopec Has Cut Prices by a Total Yuan 1,400/Mt This Year

Sinopec Has Cut Prices by a Total Yuan 1,400/Mt This Year

State-owned China Petroleum and Chemical Corp, or Sinopec, hiked its ex-works price for benzene in East China by Yuan 200/mt ($32.51/mt), or 2.44%, to Yuan 8,400/mt effective Wednesday, a company source said.

Sinopec has cut prices by a total Yuan 1,400/mt this year, before raising the prices for the first time this year on April 1, when it increased the ex-works price for benzene in East China by Yuan 100/mt to Yuan 8,200/mt.

The current price equates to around $1,130/mt on an import parity basis. The price change will apply to all its East China subsidiaries -- Sinopec Shanghai, Sinopec Zhenhai, Sinopec Jinling, Sinopec Yangzi and Sinopec Jiujiang.

 

 

Source: http://news.chemnet.com/Chemical-News/detail-2287811.html
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Sinopec Hikes E China Ex-Works Benzene Price by 2.4% to Yuan 8, 400/Mt
Topics: Chemicals