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)
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