Sinopec, PetroChina cut ex-works E China orthoxylene prices by Yuan 200 per mt
Source: www.chinamining.org Citation: Platts Date: September 3, 2014
China Petroleum and Chemical Corporation, or Sinopec, has cut its ex-works orthoxylene prices in East China by Yuan 200/mt ($27.20/mt) effective Monday, September 1, traders said Tuesday.
Yangzi-BASF and Sinopec Zhenhai, the company`s subsidiaries in East China, are now offering OX at Yuan 8,600/mt, equivalent to $1,169/mt on an import parity basis, sources said.
PetroChina, the other major Chinese OX producer, has also cut its OX prices in East China by Yuan 200/mt on Monday, sources said.
PetroChina`s subsidiaries, Liaoyang Petrochemical and Jilin Petrochemical, are now offering OX at Yuan 8,300/mt, or about $1,128.20/mt on an import parity basis.
Both companies last adjusted their ex-works OX prices in East China on August 28, also lowering them by Yuan 200/mt.
OX was last assessed by Platts at $1,180/mt CFR China on August 29, down $29/mt week on week.
About CHINA MINING
Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.
CHINA MINING Congress and Expo 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on November 20th-23rd, 2014. We invite you to join the event and to celebrate the 16th anniversary of CHINA MINING with us. For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.
