19 April 2012 02:00 [Source: ICIS news]
Offers from producers and trading houses are valid until Thursday evening, they said.
The company is buying the cargo on 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 its purchase tender.
The company last purchased a 25,000-30,000 tonne full-range naphtha cargo for end-May arrival at a premium of $10-15/tonne (€8-11/tonne) to CFR Japan quotes on 12 April, according to traders.
($1 = €0.76)
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.
|ICIS news FREE TRIAL|
|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|