PetroChina to hike July naphtha prices by CNY42/tonne from 1 July

28 June 2013 06:54  [Source: ICIS news]

SINGAPORE (ICIS)--PetroChina will raise its prices of July-delivery naphtha by yuan (CNY) 42/tonne ($7/tonne) effective 1 July, a company source said on Friday.

Its naphtha price will be CNY5,594/tonne ex-works (EXW) next week, reflecting firmer values in the international markets, the source said.

PetroChina primarily reserves its naphtha output for captive use, but it sells excess stocks in the spot market, or when it deems it can generate better margins through sales.

($1 = CNY6.15)

By: Lv Fei
+65 6780 4327

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