06 July 2012 03:34 [Source: ICIS news]
SINGAPORE (ICIS)--Qatar International Petroleum Marketing Co (Tasweeq) offered by tender late on Thursday 50,000 tonnes of full-range naphtha and 50,000 tonnes of plant condensate for second half of August delivery, traders said on Friday.
The cargoes will be priced on a naphtha FOB (free on board) ?xml:namespace>
The naphtha cargo will be loaded from Ras Laffan port on 25-26 August while the plant condensate parcel will be lifted from Ras Laffan port on 21-22 August, traders said.
Buyers are also allowed to submit their bids on a CIF (cost, insurance and freight), CFR (cost and freight) or DES (Delivered Ex Ship) basis priced on naphtha FOB (free on board) Middle East quotes, the traders said.
For the DES term, a port of destination has to be provided, the traders added.
Submission of bids will close on 16 July by 11:00 GMT and the bids will be valid until 19 July, they said.
Tasweeq last sold by tender a total volume of 105,000-110,000 tonnes full-range naphtha and plant condensate and for second half of July loading from Ras Laffan at a premium of $10.00-11.00/tonne (€8.10-8.91/tonne) to Middle East quotes FOB quotes.
($1 = €0.81)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections