22 August 2012 04:59 [Source: ICIS news]
SINGAPORE (ICIS)--Thailand's refinery and cracker operator Integrated Refinery and Petrochemical Complex (IRPC) has sold by tender a 38,000-tonne heavy naphtha cargo for loading in the second half of September, traders said on Wednesday.
The cargo was done at a premium of $50/tonne (€40/tonne) to Japan FOB (free-on-board) quotes, they added.
IRPC previously sold by tender a 38,000-tonne heavy naphtha cargo at a premium of close to $60/tonne.
The cargo for delivery in the second half of August and priced at a premium to Japan FOB quotes was bought late last week by Japanese trading firm Itochu.
Prices fell on the back of ample supply in the market, traders said.
($1 = €0.80)
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