29 July 2010 09:59 [Source: ICIS news]
SINGAPORE (ICIS)--Pertamina has issued a tender to sell three propylene cargoes for August loading, sources close to the Indonesia-based refinery operator said on Thursday.
The tender, which is to be awarded on a FOB (free on board) Balongan basis, closes on 30 July, the sources said, adding that the price would be determined by a formula linked to published prices in southeast Asia.
The size of each cargo is around 1,500 tonnes, the sources said.
Pertamina supplies propylene mainly to its downstream polypropylene (PP) customer, Polytama Propindo.
According to one source, the tender came about because Pertamina had some surplus propylene to export next month. The source did not provide further details.
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