Taiwan’s FPCC awards jet kerosene tender for early November

05 October 2012 10:08  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwanese refiner Formosa Petrochemical Corp (FPCC) has awarded a tender offering 300,000 barrels of jet kerosene for loading on 5-9 November at a slightly softer premium, a company source said on Friday.

FPCC awarded the jet tender, which closed on 4 October, to Chevron at Singapore market quotes plus 85 cents/bbl FOB (free on board) Mailiao, the source said.

Previously, FPCC awarded a tender offering the same volume of jet kerosene for loading on 22-31 October to an undisclosed Hong Kong based-affiliate of a Chinese oil major, at Singapore market quotes plus 60 cents/bbl FOB Mailiao, according to the source.

Premiums for jet kerosene have strengthened amid firmer demand and improved refining margins.

($1 = €0.77)

By: James Dennis
+65 6780 4327

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