13 July 2010 05:27 [Source: ICIS news]
SINGAPORE (ICIS news)--Qatar International Petroleum Marketing (Tasweeq) is assessing bids in a tender to sell 500,000 barrels of condensate for September loading from Ras Laffan, market sources said on Tuesday.
The tender closed on Monday, traders said.
“Given the state of naphtha, the market doesn’t expect prices to be terrific,” a trader said.
Asian naphtha price spread widened to a contango of $7/tonne (€5.5/tonne) from $2/tonne on Tuesday as the market faced an armada of spot supply from the Middle East and thin demand, ICIS data showed.
($1 = €0.79)
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