Malaysia’s Titan buys 200,000 tonnes naphtha for Oct 2012-Sep 2013

05 September 2012 04:47  [Source: ICIS news]

SINGAPORE (ICIS)--Malaysia’s Titan Chemicals has bought 200,000 tonnes of term full-range naphtha supply for delivery to Pasir Gudang from October 2012 to September next year, traders said on Wednesday.

The supplies fetched a premium of around $2.00/tonne (€1.60/tonne) to Japan quotes CFR (cost & freight), they added.

Titan previously bought 30,000 tonnes of spot full-range naphtha for delivery to Pasir Gudang in the second half of September. The deal was done at between a discount of $1/tonne and a premium of $1/tonne to Japan quotes CFR.

($1 = €0.80)

By: Felicia Loo

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