11 May 2012 04:27 [Source: ICIS news]
The company issued the tender for up to 10,000 tonnes of June PX, on a cost and freight (CFR)
“We bought one lot for June at a small premium to average of spot CFR
The company has been buying PX because of a two-month delay in the restart of its No 2 Kaohsiung PX/orthoxylene (OX) unit.
CPC Corp, which is typically a net seller of PX, supplies feedstock to Taiwan-based purified terephthalic acid (PTA) makers, such as China American Petrochemical Co (CAPCO), Oriental Petrochemical (Taiwan) and Tuntex Petrochemical.
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