Taiwan FPCC awards mid-November jet kerosene tender to Thai PTT

19 October 2012 10:53  [Source: ICIS news]

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

The tender, which closed on 16 October, was awarded to Thai energy firm PTT at Singapore market quotes plus 81 cents/bbl FOB (free on board) Mailiao, the source said.

Previously, FPCC awarded a tender offering 300,000 barrels of jet-kerosene for loading on 5-9 November, which closed on 4 October, to Chevron at Singapore market quotes plus 85 cents/bbl FOB (free on board) Mailiao, the source 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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