Sinopec Qilu Company producer based in East China bitumen prices down by 10% in February 2016

Sinopec Qilu Company producer based in East China bitumen prices down by 10% in February 2016.

Sinopec Qilu Company producer based in East China February 2016 bitumen price for grade 70# is RMB 1726 PMT and prices have fall down by RMB 230 PMT (12%) since last month. The prices in June were RMB 3100 PMT, RMB 3047 PMT in July, RMB 2908 PMT in August, RMB 2765 PMT in September, RMB 2727 PMT in October, RMB 2535 PMT in November and RMB 2198 PMT in December 2015. In January 2016, prices were RMB 1956 PMT. Prices have fallen down by RMB 1474 PMT (46%) compared to June 2015 price.