Jilin Petrochemical hikes domestic NBA by CNY400/tonne

27 March 2009 09:11  [Source: ICIS news]

SINGAPORE (ICIS news)--China’s Jilin Petrochemical has raised its domestic n-butanol (NBA) prices by more than 5% due to surging feedstock propylene values and tight domestic supply, market sources said on Friday.

The increase of yuan (CNY) 400/tonne ($59/tonne) takes immediate effect, bringing prices to around CNY7,400-7,600/tonne ex-tank, excluding taxes.

Following the announcement, several regional exporters withdrew their offers anticipating higher prices for imports.

Other major NBA producers in China include Qilu Petrochemical, BASF-YPC, Daqing Petrochemical and Beijing Eastern Petrochemical.

($1 = CNY6.83)

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By: Su Yeen Cheong
+65 6780 4359

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