PetroChina cut its ex-works offer for isomer-grade mixed xylenes in South China by Yuan 100/mt, or 1.2%, to Yuan 8,250/mt effective Tuesday, according to market sources.
The revised price is equivalent to $1,109/mt on an import parity basis.
The company last adjusted its offer on April 17, dropping it to Yuan 8,350/mt from Yuan 8,400/mt.
PetroChina sells isomer-MX in South China through subsidiary Guangxi Petrochemical.
– Platts.com
