PetroChina cut its ex-works offer for isomer-grade mixed xylenes in South China by Yuan 200/mt, or 3.3%, to Yuan 5,850/mt effective Tuesday, market sources said.
The revised price equates to $775.87/mt on an import parity basis.
This is the second time this week that PetroChina has cut its South China ex-works isomer-MX price.
PetroChina, effective Monday, cut its South China ex-works offer for isomer-MX by Yuan 100/mt, or 1.63%, to Yuan 6,050/mt, as the crude and aromatics markets had weakened on news of the Greek referendum result on Sunday.
The FOB Korea isomer-MX marker fell $30/mt on Monday from Friday to be assessed at $766.50/mt.
PetroChina sells isomer-MX in South China through subsidiary Guangxi Petrochemical.
– Platts.com
