11 April 2012 10:46 [Source: ICIS news]
China’s Sinopec reduced spot toluene output by more than 10,000 tonnes in east China in April, as the country raised gasoline and diesel prices by yuan (CNY) 600/tonne ($95.1/tonne) from 20 March, a company source said.
Maoming Petrochemical, which is a subsidiary of Sinopec in
Sinopec had announced on 21 March that it was cutting ethylene production by 30,000 tonnes in March at its five refineries and boosting oil products output instead.
The five refineries include Maoming Petrochemical, Yanshan Pectrochemical and Zhongyuan Petrochemical.
The spot prices of toluene in south
($1 = CNY6.31)
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