Taiwan’s FPCC awards tender for end-October loading jet kerosene

26 September 2012 11:50  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwanese refiner Formosa Petrochemical Corp (FPCC) awarded a tender offering 300,000 barrels of jet kerosene for loading on 22-31 October at a slightly softer premium, a company source said on Wednesday.

FPCC awarded the tender, which closed on 25 September, to an undisclosed Hong Kong-based affiliate of a Chinese oil major, at Singapore market quotes plus 60 cents/bbl FOB (free on board) Mailiao, the source said.

Previously, FPCC awarded a tender offering 300,000 bbl of jet kerosene for loading on 18-24 October to PetroChina at Singapore market quotes plus 65 cents/bbl FOB Mailiao, according to the source.

Premiums for jet-kerosene have risen in recent weeks, buoyed by firmer demand and tighter supply arising from lengthy unscheduled refinery shutdowns in Japan.

($1 = €0.77)

By: James Dennis
+65 6780 4327

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