21 June 2012 10:00 [Source: ICIS news]
HMEL cancelled its first offer for 8,000-10,000 tonnes of naphtha for 20-29 June loading, after seeing bids that were too low when the tender closed on 12 June, they said.
Early this week, HMEL re-offered a larger lot of 14,000 tonnes for 1-7 July loading, they added.
However, buying interest from most traders was low.
“The parcel is too small, and the freight will be rather expensive,” a Singapore-based trader said.
“The specification is unknown. Risks are too high,” another trader based in
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