07 September 2012 03:22 [Source: ICIS news]
Prices of SN150 and SN500 will be reduced by $40/tonne to $1,100/tonne ex-tank
Prices of brightstock will be reduced by $60/tonne to $$1,260/tonne ex-tank
The price cuts are effective from 7 September.
The refiner declined to comment on the price reduction.
“It is no surprise that Exxon has cut prices as underlying demand is bad, a lot of blenders are not making money,” a Singapore-based trader said.
The last time the refiner had cut prices was 20 July.
($1 = €0.79)
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