09 October 2012 10:11 [Source: ICIS news]
The increase mainly comes from its
As Sinopec’s supplies to spot markets in October will remain basically flat with September, with most of its outputs to be kept for captive use, the production increase will have minimal impacts on market prices, industry source said.
Group I base oils were traded at yuan (CNY) 8,900-9,600/tonne ($1,415-1,526/tonne) on 9 October in
Sinopec produced around 100,000 tonnes of base oils in September, up by 11% from a month ago.
($1 = CNY6.29)
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