Taiwan's CPC issues 105,000t naphtha buy tender

13 February 2008 11:09  [Source: ICIS news]

SINGAPORE (ICIS news)--Taiwan’s Chinese Petroleum Corp (CPC) has issued tenders for the delivery of more than 100,000 tonnes of naphtha, said trading sources on Wednesday.

 

The purchases were timed to take advantage of the weakening of the premiums, seen at around +$3.50/tonne on a delivered basis in February, compared with +$9.00/tonne in January on the back of ample supplies from India and Europe, they added.

It sought 30,000 tonnes of heavy naphtha for delivery to Kaohsiung in April, with the tender closing on Friday.

CPC is also seeking to buy 75,000 tonnes of full-range naphtha for delivery during the first half of April, with the tender closing on Thursday.

March requirements have mostly been covered by Korean end-users.

 

By: Desmond Chia
+65 6780 4359

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly