Indonesia's Pertamina sells 10,500-13,000 tonnes Oct/Nov propylene

03 October 2012 10:29  [Source: ICIS news]

SINGAPORE (ICIS)--Indonesia’s state-owned refiner Pertamina closed its sales tender for a total of 10,500-13,500 tonnes of October- and November-loading propylene cargoes with domestic customers, a company source said on Wednesday.

The tender comprises four lots of October-loading parcels and three-to-five lots of November shipments, each with 1,500 tonnes of propylene, the source said.

“We sold the cargoes to domestic customers on formula basis,” the source said.

The formula is based on a discount of $25-30/tonne (€19-23/tonne) to monthly spot average prices on a cost and freight (CFR) southeast Asia basis, the source said.

($1 = €0.77)

By: Becky Zhang
+65 6780 4359

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