PetroChina to triple Group I base oils supply in July

06 July 2012 11:17  [Source: ICIS news]

SINGAPORE (ICIS)--China’s oil giant PetroChina plans to increase its spot supply of Group I base oils to 20,000 tonnes in July, almost triple the 7,000 tonnes supplied in June, a company source said on Friday.

The sharp increase was primarily a result of lower captive usage from its lubricant plants, according to the source.

Meanwhile, PetroChina is cutting prices to boost sales. It reduced the prices of Group I cargoes produced by its Fushun and Daqing plants by yuan (CNY) 800/tonne ($126/tonne) to CNY8,900-9,200/tonne EXW (ex-works) on 6 July, market sources said.

($1 = CNY6.36)


By: Whitney Shi
+65 6780 4359



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

ICIS news FREE TRIAL
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