Taiwan’s FPCC jet kerosene tender offer for mid-November closes

16 October 2012 11:02  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwanese refiner Formosa Petrochemical Corp's (FPCC) tender offering 300,000 barrels of jet-kerosene for loading on 14-18 November closed on Tuesday,  a company source said.

Bids submitted into the FPCC jet-kerosene tender will have validity until 18 October, the source said.

Previously, FPCC awarded a tender offering 300,000 barrels of jet-kerosene for loading on 5-9 November to Chevron at a premium of Singapore market quotes plus 85 cents/bbl FOB (free on board) Mailiao, market sources said.

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

($1 = €0.77)

By: James Dennis
+65 6780 4327

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