Correction: Taiwan’s FPCC awards end-November jet tender at softer premium

24 October 2012 14:38  [Source: ICIS news]

Correction: In the ICIS news story headlined "Taiwan’s FPCC awards end November jet tender at softer premium" dated 24 October 2012, please read in the first paragraph ... said on Wednesday ... instead of ... said on Friday .... A corrected story follows.

SINGAPORE (ICIS)--Taiwanese refiner Formosa Petrochemical Corp (FPCC) awarded a tender offering 300,000 barrels of jet-kerosene for loading on 23-27 November to PetroChina at a much weaker premium, a source from FPCC said on Wednesday.

FPCC awarded the tender, which closed on 23 October, at Singapore market quotes plus 35-40 cents/bbl FOB (free on board) Mailiao, the source added.

Previously, FPCC awarded a tender offering 300,000 bbl of jet-kerosene for loading on 14-18 November, which closed on 16 October, to Thailand’s PTT at Singapore market quotes plus 81 cents/bbl FOB Mailiao, the source said.

Premiums for jet kerosene declined amid an increase in offers from traders and South Korean refiners following a recent increase in buying interest particularly from China.

By: James Dennis
+65 6780 4327

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