Malaysia’s Titan buys 30,000 tonnes naphtha for September

09 August 2012 08:22  [Source: ICIS news]

SINGAPORE (ICIS)--Malaysia’s Titan Chemicals has bought 30,000 tonnes of heavy full-range naphtha for delivery to Pasir Gudang in the second half of September, traders said on Thursday.

The deal was done at between a discount of $1/tonne (€0.8/tonne) and a premium of $1/tonne to CFR (cost and freight) Japan quotes, they said.

In its previous purchase, Titan bought two 25,000-tonne naphtha cargoes for delivery to Pasir Gudang in the second half of August at a premium of $1.00-3.00/tonne to CFR Japan quotes.


By: Felicia Loo



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