BR Prices Report from Domestic Plants on Aug 14th
CHEM99   Edit at:Thu, 14 Aug 2008 9:02:48 GMT  N-China , E-China , S-China , NE-China , NW-China , SW-China
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BR Price Report in Domestic Plants
 
    Today’s exchange rate: $ 1= 6.8630 RMB  
 
Type
Palnts
Price (Yuan/mt)
Change
Domestic Market
Market Price
(Yuan/mt)
Change
BR
Sinopec Beijing Sales Branch(Yanshan PC)
 
24,600
 
-600
Shandong
24,700-25,100
-
Sinopec Beijing Sales
Branch(Qilu PC)
 
24,600
 
-600
Sinopec East Sales Branch(Gaoqiao PC)
 
24,800
 
-600
Yanshan Region
24,700-24,800
-
Sinopec South Sales Branch(Baling PC)
 
25,200
 
-
PetroChina North Sales Branch(Dushanzi PC)
 
24,600
 
-
N-China
24,800-25,100
-
PetroChina North Sales Branch(Daqing PC)
 
24,600
 
-
PetroChina East Sales Branch(Dushanzi PC)
 
24,700
 
-
E-China
24,300-24,600
-
PetroChina East Sales Branch (Daqing PC)
 
24,700
 
-
PetroChina South Sales Branch (Dushanzi)
 
24,700
 
-200
S-China
24,700-25,300
-
PetroChina (Jinzhou PC)
 
24,600
 
-600
NE-PetroChina
(Daqing PC)
 
24,500
 
-700
    Market Summary: till present, the decline of BR EXW price had been Yuan 1,450/mt and most players closed deals, observing on the sideline. As Aug. was generally described as off season, moreover, due Olympic Games, transportations were restrained and industry power was limited, demand became shrinking. Most players buy when the prices are going up instead of going down, so trading activity was still thin. BR market was in downtrend in a short period.
 

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