08 April 2011 04:33 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) has bought an additional 75,000 tonnes of spot naphtha for delivery into Mailiao in the first half of May, amid high cracker operating rates, a source close to the company said on Friday.
Its three Mailiao-based crackers, which use naphtha as feedstock with a combined nameplate capacity of 2.93m tonne/year, are running at 95-100%, he added.
The latest spot deal was done at $3.50-4.00/tonne (€2.45-2.80/tonne) to ?xml:namespace>
Moreover, there was some term naphtha cargo delay in nomination, prompting the company to source more supplies, he said.
In its previous spot purchase,
($1 = €0.70)
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