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Article: Sinopec increases the ex-factory price of naphtha.(Revaluation)(China Petroleum and Chemical Corp.)
- Article from:
- China Chemical Reporter
- Article date:
- September 16, 2005
CopyrightCOPYRIGHT 2005 China National Chemical Information Center. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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According to the information from Xinhua News Agency, on Sept. 1 Sinopec increased the ex-factory price of naphtha in all its refineries by RMB640 per ton from RMB4 330 per ton to RMB4 970 per ton. An employee from Sinopec Shanghai Sales Company tells the reporter that there are no great changes in the ex-factory prices of gasoline and diesel.
The price readjustment made by Sinopec is mainly intended to improve the economic performance in refineries and also stop the blending of naphtha into gasoline in some dealers.
In the shadow of high crude oil price, Sinopec hopes to mobilize the production enthusiasm of its refineries through price readjustment. ...