01 April 2013 07:37 [Source: ICIS news]
SINGAPORE (ICIS)--PetroChina has set its contract prices of April-delivery Daqing and Jidong crude at yuan (CNY)5,652/tonne ($124.31/ bbl), down by CNY297/tonne from March, a company source said on Monday.
The cut is to reflect weaker values of crude in international markets.
Daqing and Jidong crude account for 38% of PetroChina’s total crude output.
PetroChina’s April settlement prices for Huabei, Dagang and Changqing crude are CNY280-300/tonne lower from the previous month, the source said.
($1 = CNY6.22)
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