12 April 2012 09:00 [Source: ICIS news]
The company is intending to award the tender to purchase this evening, the traders said.
Titan Chemicals usually buys spot naphtha cargoes priced on a 30-day formula based on CFR (cost and freight)
The seller is required to deliver the cargo into Pasir Gudang, they added.
Titan Chemicals last purchased a 30,000 tonne full-range naphtha cargo for mid-May arrival at a premium of $15/tonne (€11/tonne) to CFR Japan quotes on 5 April.
The firm operates a 285,000 tonne/year No 1 cracker and a 435,000 tonne/year No 2 cracker at Pasir Gudang in
($1 = €0.76)
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