17 April 2013 10:11 [Source: ICIS news]
SINGAPORE (ICIS)--Energy major ExxonMobil will raise its ex-tank Singapore term prices for its Group I and II base oils, with the exception of the SN150 grade, by $30/tonne (€23/tonne) from 2 May this year, buyers said on Wednesday.
“All grades will see a price hike of $30/tonne, but SN150 prices will remain unchanged,” a blender in Singapore said.
ExxonMobil notified buyers of its decision to raise its term prices on 16 April, sources told ICIS.
The refiner previously raised its term prices on 4 April.
ExxonMobil could not be immediately reached for comment.
($1 = €0.76)
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