ERJ staff report (BC)
Singapore – China Petroleum and Chemical Corp. (Sinopec) has raised its ex-works butadiene prices by 5.1 percent for the country's eastern and northern provinces and by 3 percent in its southern provinces, effective 9 October, Clement Choo of Platts reports end-users as having said.
In eastern and northern provinces, the state-run company increased prices to Yuan 10 800 per tonne, equivalent to about €1,088 per tonne on an import parity basis, up 5 percent from Yuan 10 300 per tonne on 25 September.
In the South, prices for the synthetic rubber feedstock stood at Yuan 11 000 (€1,329) per tonne, up Yuan 300 per tonne from Yuan 10 700 per tonne at end September.
The price hikes come amid reported tight availability for October cargoes.
In eastern Shandong province, ex-tank offers from domestic distributors ranged between Yuan 12,600 (€1,522)-Yuan 12,800 (€1,547) per tonne, the sources said.
A synthetic rubber producer said the distributors' offers were for volumes of 10-20 tonnes.
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Full story from Platts