China Petroleum and Chemical Corporation, or Sinopec, cut its central China toluene ex-factory prices by Yuan 100/mt ($13.71/mt), or 1.7%, on weak domestic demand, industry sources said Friday.
Its subsidiaries in Changling are now offering toluene at Yuan 5,800/mt or about $780.81/mt on an import-parity basis, and its subsidiaries in Wuhan are now offering toluene at Yuan 5,850/mt or about $787.66/mt on an import-parity basis.
The company cut its East China prices Thursday by Yuan 150/mt to Yuan 5,700-5,750/mt.
– Platts.com
