IPCC pushes back ethylene cargo loading dates

27 August 2008 10:56  [Source: ICIS news]

SINGAPORE (ICIS news)--Iran Petrochemical Commercial Co (IPCC) has revised the loading dates for its ethylene (C2) tender cargo for a second time to 19-20 September due to vessel delays, a source close to the commercial arm of state-owned National Petrochemical Co (NPC) said on Wednesday.

 

The 4,500-tonne cargo was earlier expected to be loaded from Assaluyeh and/or Bandar Imam Khomeini (BIK) during 1-2 September but this was initially pushed back to around mid-September due to congestion at the last discharge port of the vessel, the source added.

 

As a result of the change in loading dates, IPCC had called for fresh proposals from potential bidders and the cargo was then sold to a trader, the source said.

 

The price was around $1,340/tonne CFR (cost and freight) SE Asia (southeast Asia), and not $1,350/tonne as previously reported, said the source.

 

He declined to provide details of the buyer.

 

For more on ethylene visit ICIS chemical intelligence

To discuss issues facing the chemical industry go to ICIS connect

 

 

 

By: Peh Soo Hwee
+65 6780 4359

< previous article(VIDEO - ICIS news Europe Lunchtime Bulletin 30 October 2009)

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