Malaysia’s Titan buys 30,000 tonnes naphtha at $7-9/tonne premium

05 September 2012 10:43  [Source: ICIS news]

SINGAPORE (ICIS)--Malaysia’s Titan Chemicals has bought 30,000 tonnes of spot full-range naphtha for delivery in the second half of October, traders said on Wednesday.

The cargo, bound for Pasir Gudang, was done at a premium of $7-9/tonne (€6-7/tonne) to Japan quotes CFR (cost and 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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