Taiwan’s Formosa buys 150,000 tonnes naphtha for H1 May

30 March 2011 09:50  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) has bought 150,000 tonnes of spot naphtha for delivery into Mailiao in the first half of May, a source close to the company said on Wednesday.

The cargoes fetched a premium of $3.50-4.50/tonne (€2.49-3.20/tonne) to Japan quotes CFR (cost & freight), he added.

FPCC last bought a similar volume for delivery in the second half of April at a premium of $5/tonne.

($1 = €0.71)

For more on naphtha/ethylene, visit ICIS chemical intelligence

By: Felicia Loo

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