31 October 2012 02:32 [Source: ICIS news]
The deals for the cargoes were done at premiums of $15.00-16.00/tonne (€11.55-12.32/tonne) to
FPCC bought the cargoes from four to five sellers, traders said.
Meanwhile, FPCC is set to raise its Mailiao crackers' operating rates to 90% from 1 November, up by 10 percentage points from October rates.
FPCC previously bought at least 30,000 tonnes of spot naphtha for delivery to Mailiao in the second half of November at a premium of below $10/tonne to
Tight regional supply and strong demand helped boost premiums in the spot transactions and tenders, traders said.
($1 = €0.77)
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