04 February 2013 06:00 [Source: ICIS news]
SINGAPORE (ICIS)--Sinopec and PetroChina have both hiked prices of February-delivery jet kerosene by yuan (CNY) 137/tonne ($22/tonne) from January levels to reflect firming values in international markets, sources from the two companies said on Monday.
Effective from 1 February, Sinopec is offering its jet kerosene at CNY7,526/tonne ex-refinery for cargoes supplying to China National Aviation Fuel (CNAF).
PetroChina is selling jet kerosene to CNAF at CNY7,496/tonne ex-refinery, a company source said.
CNAF is the sole provider of jet kerosene to airlines in China.
Under the existing pricing mechanism, jet fuel prices are adjusted on the first day of each month to reflect changes of the benchmarking mean prices in Singapore in the previous month.
($1 = CNY6.23)
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