China Petroleum and Chemical Corporation, or Sinopec, cut its central China isomer-MX ex-factory prices by Yuan 150/mt, or 3.2%, an industry source said Monday.
Its central China subsidiaries in Changlin and Wuhan are now offering isomer-mx at Yuan 4,500/mt, or about $562.57/mt on an import parity basis, down from Yuan 4,650/mt.
Sinopec last reduced its domestic isomer-mx prices last Friday when it cut its east China isomer-MX prices by Yuan 250/mt to Yuan 4,350-4,400/mt, or $543.11-549.50/mt on an import parity basis.
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