21 January 2010 09:12 [Source: ICIS news]
SINGAPORE (ICIS news)--Taiwan’s Formosa Petrochemical Corp (FPC) has sold a 3,000-tonne spot cargo of methyl tertiary butyl ether (MTBE) for mid-February loading at a premium of $10-15/tonne (€7-11/tonne) amid tight regional supply, traders said on Thursday.
The cargo was sold Singapore FOB (free on board) quotes basis, they said.
"Supplies are very tight because of maintenance works in ?xml:namespace>
Petrochemical giant Saudi Basic Industries Corp (SABIC) had shut its 700,000 tonne/year MTBE plant at
SABIC's 300,000 tonne/year MTBE plant at Jubail has been shut for maintenance since early January.
($1 = €0.71)
To discuss issues facing the chemical industry go to ICIS connect
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections