Sinopec lowers sulphur offers in 15 refineries

09 November 2011 10:01  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Sinopec has lowered its offers of sulphur by yuan (CNY) 50-100/tonne ($8-16/tonne) in 15 of its refineries across the country on 8 November, a company source said on Wednesday.

The Chinese major lowered its internal offers in line with decreasing domestic prices and weakening downstream demand, an industry source said.

“The 15 refineries are those in Hainan, Guangzhou, Maoming, Wuhan, Zhenhai, Gaoqiao, Yangzi, Jinshan, Jinling, Qingdao, Anqing, Qilu, Tianjin, Cangzhou and Yanshan,” the source added.

“Liquid sulphur is offered at CNY1,700-1,780/tonne and solid sulphur is offered at CNY1,720-1,870/tonne,” the source said.

Puguang gas field, which is also owned by Sinopec, lowered its sulphur offers by CNY90/tonne to CNY1,750/tonne EXW (ex-works) Wanzhou port last week, the source added.

($1 = CNY6.35)

Please visit the complete ICIS plants and projects database

By: Natalie Hui

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index