19 April 2012 10:00 [Source: ICIS news]
The company is buying the cargo at plus $17.00/tonne (€12.92/tonne) 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 to CFR Japan quotes on 12 April.
($1 = €0.76)
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