14 January 2010 09:41 [Source: ICIS news]
SINGAPORE (ICIS news)--Taiwan’s Formosa Petrochemical Corp (FPC) has bought 100,000-120,000 tonnes of open spec naphtha for delivery in second-half February, which would further squeeze regional supply at the time, traders said on Thursday.
The refiner bought the spot cargoes from four companies, at a premium of $12.60-17.00/tonne (€8.69-11.73/tonne) to Japan CFR (cost and freight) quotes, for delivery next month, they said.
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