China Petroleum and Chemical Corp, or Sinopec, raised its ex-works price for polypropylene in East China by Yuan 100 ($15.90), or 0.9%, to Yuan 11,100/mt Monday, industry sources said.
On an import parity basis, the new price is equivalent to $1,416/mt.
This will apply to the company's East China subsidiaries -- Sinopec Shanghai, Sinopec Zhenhai Refining & Chemical and Sinopec Jiujiang.
Sinopec last changed its East China PP price on January 4, raising it by Yuan 200 to Yuan 11,000/mt.