12 April 2012 09:49 [Source: ICIS news]
The company used a 30-day formula price based on CFR (cost and freight)
The seller is required to deliver the cargo into Pasir Gudang in
Titan Chemicals declined to comment on the purchase when contacted .
The company last purchased a 30,000 tonne full-range naphtha cargo for mid-May arrival at a premium of $15/tonne to CFR Japan quotes on 5 April, according to traders.
($1 = €0.76)
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