24 April 2012 08:11 [Source: ICIS news]
The supply will consist entirely of contractual cargoes, including 3,000-4,000 tonnes of delayed cargoes from April, but the volume of spot cargoes has not been finalised, the source added.
FPCC is considering raising offers for its May spot cargoes to
If Chinese importers refuse to accept the price, the company can sell the products to European and US markets, the source added.
FPCC plans to keep its supply of Group II base oils to the international market stable at about 60,000 tonnes in May and that will include 7,000-8,000 tonnes of spot cargoes, the source said.
($1 = €0.76)
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