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Hike in naphtha prices
05
Jun '08
International crude oil price has been hovering at a high level, directly spurring the price rise in international naphtha. This has significantly affected domestic markets, where rates are rising. However, it has also boosted exports and shrunk imports of naphtha, considerably.

Thus, June naphtha factory price from Sinopec refineries has been adjusted from the current 7,590 yuan per ton to 8,350 yuan per ton, up 760 yuan per ton.

The ex-factory price of Tahe branch for supply to chemical companies in eastern part was also raised from 7,090 yuan per ton to 7,850 yuan per ton.

For price quotations on June 3 click here

Fibre2fashion News Desk - China

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