03 January 2012 09:02 [Source: ICIS news]
CPC Corp is looking to sell one to two 5,000 tonne lots for January delivery and another 20,000-30,000 tonnes for February and March shipments, the source added.
Bids should be submitted by 5 January and should be valid for one day. Prices can either be fixed or on a floating price basis that will be settled against spot CFR quotes. The cargoes will be sold on a FOB
The company is issuing the sell tender because its IX consumption in the first quarter of the year is lower than expected, the source said.
CPC Corp is typically a nett buyer of IX which is used as feedstock in its three Kaohsiung-based paraxylene (PX) facilities with a combined nameplate capacity of 660,000 tonnes/year.
The company will shut its 250,000 tonnes/year No 2 PX unit from mid-February to mid-April for a scheduled turnaround, while its 260,000 tonne/year No 3 PX facility will be shut for a month-long turnaround in August.
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