Taiwan’s CPC buys May PX shipment at $1,540-1,550/tonne

12 April 2012 06:51  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s CPC Corp has bought via tender 5,000 tonnes of paraxylene (PX) for any May shipment at $1,540-1,550/tonne (€1,170-1,178/tonne), said a company source on Thursday.

The prices are on a CFR (cost & freight) Kaohsiung basis. No further details were available.

Bids for May and June PX shipments were at $1,550-1,555/tonne CFR Taiwan/Ningbo/Dalian against offers at $1,570/tonne CFR Taiwan/Ningbo, but no transactions were done by 13:00 hours Singapore time.

A May shipment was heard inter-traded on 11 April at $1,540/tonne CFR Taiwan and/or China Main Port (CMP), but this could not be confirmed.

CPC Corp is typically a net seller of PX and the company supplies feedstock to Taiwan-based purified terephthalic acid (PTA) makers, such as China American Petrochemical Co (CAPCO), Oriental Petrochemical (Taiwan) and Tuntex Petrochemical.

($1 = €0.76)

By: Bohan Loh
+65 6780 4359

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index