Taiwan’s FPCC awards early Dec jet tender at higher premium

01 November 2012 08:51  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwanese refiner Formosa Petrochemical Corp (FPCC) has awarded a tender offering 300,000 bbl of jet kerosene for loading on 6-10 December to Shell at a higher premium, a source from FPCC said on Thursday

FPCC awarded the tender, which closed on 31 October, at Singapore market quotes plus 60-65 cents (46-50 euro cents)/bbl FOB (free on board) Mailiao, the source added.

Previously, FPCC awarded a tender offering 300,000 barrels of jet kerosene for loading on 23-27 November to PetroChina at a premium of  Singapore market quotes plus 35-40 cents/bbl FOB Mailiao, the source said.

Premiums for jet kerosene firmed, supported by upcoming winter heating kerosene demand which will reduce refinery output of jet kerosene, particularly from Japan.    

($1 = €0.77)

By: James Dennis
+65 6780 4327

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