China's Sinopec, PetroChina raise domestic OX prices by Yuan 200/mt

Chemical News: China's Sinopec, PetroChina raise domestic OX prices by Yuan 200/mt

https://www.chemnet.com May 16,2018 Platts
China's two major orthoxylene producers, Sinopec and PetroChina, raised their domestic ex-tank prices by Yuan 200/mt Monday, an end-user said Tuesday.

Sinopec's new price is Yuan 6,500/mt, or about $859.80/mt on an import-parity basis, while PetroChina's new price is Yuan 6,200/mt, or about $820.20/mt on an import-parity basis.

The last time Sinopec and PetroChina raised OX prices was on April 18, also by Yuan 200/mt.

The international spot price of OX was last assessed May 11 at $815/mt CFR China, up $8/mt week on week, S&P Global Platts data shows.
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