China's Sinopec raises March base oils internal settlement on tight supply

摘要

SINGAPORE (ICIS)--China's state-owned oil giant Sinopec raised its internal settlement prices for all grades of base oils in March due to tightened spot availability in Asia, a company source said on Tuesday. Effective from 25 March, the increase has brought its internal settlement prices of Group I SN150 and Group II N150 base oils to yuan (CNY) 6,460/tonne and CNY7,290/tonne, respectively.