18 April 2012 09:57 [Source: ICIS news]
Following the adjustment, offers for liquid sulphur are at CNY1,600-1,680/tonne EXW (ex-works) and offers for solid sulphur at CNY1,480-1,820/tonne EXW, the source said.
The price cut will apply to deliveries from Sinopec's refineries in Yangzi,
The company's Puguang gas field has also reduced its sulphur offers by CNY60/tonne EXW on 18 April, with cargoes delivered at Wanzhou port at CNY1,550/tonne EXW and those delivered by truck from
The price decrease has dampened market sentiment, with most traders suspending their offers and market players adopting a wait-and-see attitude, said an industry source.
Sinopec had earlier cut its sulphur offers on 6 April by CNY30-50/tonne.
($1 = CNY6.30)
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