22 May 2012 08:36 [Source: ICIS news]
Bids for the cargo should be submitted by 23 May and would stay valid up to 24 May.
The cargo will be sold on a free on board (FOB) Map Ta Phut basis, and will be priced against 50% Asian Contract Price (ACP) and 50% spot CFR (cost and freight) quotes, according to the source.
PTTGC last sold a 5,000 tonnes first-half June loading shipment at a premium of $11-13/tonne (€9-10/tonne) to a price derived from 50% ACP and 50% spot CFR quotes on an FOB Map Ta Phut basis. The cargo was bought by a Chinese aromatics major.
($1 = €0.78)
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