China’s Sinopec settles June naphtha at CNY6,230/tonne

28 June 2013 07:13  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Sinopec has settled its June-delivery naphtha at CNY6,230/tonne ($1,013/tonne), up by CNY20/tonne from May on the back of firmer values in the international markets, a company sources said on Friday.

The price is on an ex-works (EXW) basis.

Sinopec keeps its naphtha resources primarily for captive use, but excess stocks to the spot market from time to time.

($1 = CNY6.15)

By: Lv Fei
+65 6780 4327

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