PetroChina set November ex-refinery price of naphtha from its subsidiary refineries at Yuan 5,840/mt, down by Yuan 527/mt from the previous month, according to a source with the oil oligarch.
The major has changed its pricing system for naphtha since Sep 1 of 2005, by taking FOB Singapore Mean in the period starting from 26th of the previous month to 25th of the front month as reference for its naphtha ex-refinery price of the next month.
