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Monday, October 25, 2021

Sinopec hikes East China ex-works isomer-MX price by Yuan 200/mt, or 2.3%

China Petroleum & Chemical Corp, or Sinopec, has raised its East China price for isomer-grade mixed xylenes by Yuan 200/mt or 2.3% effective Monday, market sources said Tuesday.

The company’s isomer-MX ex-works price at its four subsidiaries in East China — Sinopec Zhenhai, Sinopec Nanjing, Sinopec Jiujiang and Yangzi-BASF — is now Yuan 9,000/mt, or $1,209/mt on an import parity basis.

The solvent-grade mixed xylenes are being offered at Yuan 8,650/mt, unchanged from last amendment on August 15, when it was increased by Yuan 150/mt.

Sinopec last adjusted its isomer-MX prices in East China on August 15, when it increased the price by Yuan 100/mt to Yuan 8,800/mt.

Source: platts.com

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