Type	Palnts	Price (Yuan/mt)	Change	Domestic Market	Market Price (Yuan/mt)	Change
BR	Sinopec Beijing Sales Branch(Yanshan PC)	24,600	-	Shandong	24,600-24,800	-
	Sinopec Beijing Sales Branch(Qilu PC)	24,600	-
	Sinopec East Sales Branch(Gaoqiao PC)	24,800	-	Yanshan Region	24,600-24,700	-
	Sinopec South Sales Branch(Baling PC)	25,200	-
	PetroChina North Sales Branch(Dushanzi PC)	23,900	-700	N-China	24,700-24,900	-
	PetroChina North Sales Branch(Daqing PC)	23,900	-700
	PetroChina East Sales Branch(Dushanzi PC)	23,900	-800	E-China	24,000-24,600	-
	PetroChina East Sales Branch (Daqing PC)	23,900	-800
	PetroChina South Sales Branch (Dushanzi)	23,900	-	S-China	24,100-24,700	-
	PetroChina (Jinzhou PC)	24,600	-
	NE-PetroChina (Daqing PC)	24,500	-

Market Summary: after the noon, PCs largely dropped BR EXW prices, and local market had no reflection. It was forecasted tomorrow market quotations would be dropped again. Downstream factories kept bearish inquire, and social stocks waited to be digested, however, partial market participants kept more wait-and-see attitude. Now disadvantageous factors reduced local dealers hold thick observing sentiment, and overall BR market would enter downtrend. Sinopec decreased BR EXW prices by Yuan700/mt to Yuan23,900/mt, which had been examined and approved, so paid more attention to later actions from PCs.

 

    Today’s exchange rate: $1=6.8599RMB