03 August 2012 09:31 [Source: ICIS news]
The supplier priced its August deliveries at $1,070-1,100/tonne (€877-902/tonne) cost & freight (CFR)
The price increase was in line with firmer crude futures, he added.
These prices leave Chinese importers with a profit margin of yuan (CNY) 50-150/tonne ($8-24/tonne), traders said.
Chinese importers have been actively purchasing SK Energy’s products on the back of bullish futures and strengthening domestic demand, according to traders.
($1 = €0.82)
($1 = CNY6.37)
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