Thai PTTGC issues tender to sell 5,000 tonnes PX for H2 June

22 May 2012 08:36  [Source: ICIS news]

SINGAPORE (ICIS)--Thailand’s PTT Global Chemical (PTTGC) has issued a tender to sell 5,000 tonnes of paraxylene (PX) for shipment in the second half of June, a source familiar with the matter said on Tuesday.

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)

By: Bohan Loh
+65 6780 4359

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