07 March 2012 07:08 [Source: ICIS news]
The tender, which closes on Wednesday, did not specify the volume required, the traders added.
However, the tender said FPCC will consider a minimum volume of 25,000 tonnes, the traders said.
The seller that is successful in the tender will have to deliver the cargoes to Mailiao, the traders said, adding that the pricing formula for the tender was undisclosed.
FPCC last purchased 100,000 tonnes of open-spec naphtha for delivery in the first half of April to Mailiao in the fourth week of February, according to the traders.
The cargoes were bought at premiums of $14.00-20.00/tonne (€10.64-15.20/tonne) to CFR (cost & freight)
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections