Taiwan’s CPC buys 30,000 tonnes full-range naphtha

09 August 2012 04:05  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s CPC Corp has bought by tender 30,000 tonnes of full-range naphtha for first-half September delivery to Kaohsiung, traders said on Thursday.

The cargo fetched a premium of $1-3/tonne (€0.81-2.43/tonne) to Japan quotes CFR (cost & freight), they said..

The company recently returned to the spot market to purchase material after an absence of nearly four months, according to traders.

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 to CFR Japan quotes.

By: Felicia Loo

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