12 April 2012 10:31 [Source: ICIS news]
The cargo was meant to be sold on a FOB (free on board)
CPC last re-sold IX in early-January as its consumption in the first quarter of the year was lower than expected.
CPC Corp is typically a net buyer of IX, which is used as feedstock at its three Kaohsiung-based paraxylene (PX) and orthoxylene (OX) facilities with a combined nameplate capacity of 660,000 tonnes/year and 170,000 tonnes/year respectively.
Meanwhile, buy-sell indications for May loading IX were at $1,250-1,290/tonne (€950-980/tonne) FOB
($1 = €0.76)
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