14 November 2012 05:01 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) has tendered to buy spot naphtha supply for delivery to Mailiao in the second half of December, traders said on Wednesday.
The volume requirements are not specified in the tender, which closes later on Wednesday. Offers will stay valid until Thursday, they said.
In its last tender, FPCC bought 150,000 tonnes of spot naphtha for delivery to Mailiao in the first half of December. The deals for the cargoes were done at premiums of $15.00-16.00/tonne (€11.85-12.64 /tonne) to Japan quotes CFR (cost & freight). FPCC bought the cargoes from four to five sellers.
($1 = €0.79)
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