Taiwan's Formosa buys 120,000-150,000 tonnes naphtha for March

02 February 2012 02:55  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) has bought by tender 120,000-150,000 tonnes of naphtha for delivery into Mailiao in the second half of March, traders said on Thursday.

The prices are not immediately available.

In its previous tender, FPCC bought 75,000 tonnes of naphtha, for delivery to Mailiao from the end of February to early March, at a premium of slightly below $1/tonne (€0.76/tonne) to Japan quotes CFR (cost & freight).

By: Felicia Loo

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