Sinopec, PetroChina cut June jet kerosene prices by CNY467/tonne

01 June 2012 08:09  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Sinopec and PetroChina have both reduced their contract prices of jet kerosene for June deliveries by yuan (CNY) 467/tonne ($73/tonne), in line with weakening prices in international markets, sources from the two companies said on Friday.

With effect from 1 June, Sinopec and PetroChina are charging CNY7,459/tonne and CNY7,449/tonne ex-refinery respectively for their jet kerosene supply to China National Aviation Fuel (CNAF), the sole jet kerosene supplier to airlines in China.

The jet fuel price is adjusted on the first day of each month to reflect changes in the benchmarking mean prices in Singapore in the previous month. 

($1 = CNY6.37)

By: Amy Sun
+65 6780 4359

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