Sinopec, PetroChina cut April jet kerosene prices by $77/tonne

03 April 2013 04:03  [Source: ICIS news]

SINGAPORE (ICIS)--Sinopec and PetroChina have reduced their prices for April-delivery jet kerosene by yuan (CNY) 478/tonne ($77/tonne) from March to reflect weakening values in international markets, sources from the two companies said on Wednesday.

Effective 1 April, Sinopec’s jet kerosene offer is at CNY7,407/tonne ex-refinery to China National Aviation Fuel (CNAF), while PetroChina’s selling price to the same buyer is CNY7,377/tonne ex-refinery.

CNAF is the sole provider of jet kerosene to airlines in China.

Under the existing pricing mechanism in China, jet fuel prices are adjusted on the first day of each month to reflect changes in the benchmark prices in Singapore in the previous month.

($1 = CNY6.20)

By: Jean Zou
+65 6780 4359

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index