Sinopec set February naphtha ex-refinery price for its underlying refineries at Yuan 6,720/mt, up Yuan 140/mt from the previous month, a source with the refiner told C1. Ex-refinery price of naphtha supplied to eastern chemical enterprises by Tahe Refinery would be raised from Yuan 6,080/mt to 6,220/mt in February, added the source.
Starting from Jan 1 of 2005, Sinopec adjusts its naphtha ex-refinery prices at the beginning of every month, taking average CFR Japan and average FOB Singapore in previous month as reference.
