ERJ staff report (LMH)
Singapore – China Petroleum and Chemical Corp., also known as the Sinopec, has raised its ex-works prices for butadiene in East and North China for the first time since late February, Platts reported.
The increase is due to rising prices for imported cargoes rise, a company source was reported to have said.
State-owned Sinopec upped the prices by 7% to 7500 yuan (€926) per tonne. The last time Sinopec based its butadiene prices was on 22 February by ¥500 per tonne to 14,800 yuan per tonne. Since then, China prices have fallen steadily, Platts said.
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Article from Platts