02 August 2012 06:10 [Source: ICIS news]
Typhoon Saola slammed into
CPC’s buy tender closed on 1 August, but the company has yet to decide on the winning bidder, the source said.
The company has recently returned to the spot market to purchase material after an absence of nearly four months, traders said.
Its last purchase was in early April for a 55,000-tonne full-range naphtha cargo for second-half May delivery from trading house Vitol. The cargo fetched a premium of $9.00-13.00/tonne (€7.38-10.66/tonne) to CFR (cost and freight)
($1 = €0.82)
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