(chemnet) --
China Petroleum & Chemical Corp or Sinopec has raised its ex-works prices
for butadiene for the second time this week, this time by 8% in the eastern,
northern and southern provinces.
Its subsidiaries in East China, Sinopec Yangzi Petrochemical, Sinopec
Shanghai Petrochemical and Zhenhai Refining & Chemical, are now offering
butadiene at Yuan 27,000/mt, or about USD 3,590/mt on an import parity basis, up
Yuan 2,000/mt, or 8% from Yuan 25,000/mt on Tuesday.
In South China, Guangzhou Petrochemical and Maoming Petrochemical are selling
butadiene at Yuan 27,500/mt, up Yuan 2,000/mt or nearly 8% from Yuan 25,500/mt
on Monday.
In North China, Sinopec Sabic Tianjin is also selling butadiene at Yuan
27,500/mt, up Yuan 2,000/mt from Yuan 25,500/mt on Monday.
Sinopec on Tuesday had raised its ex-works prices for butadiene in East China
by more than 6%, and on Monday raised its prices in South and North China by
Yuan 1,500/mt to Yuan 25,500/mt.
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