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)
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