Taiwan’s FPCC buys 120,000 tonnes naphtha at $13-14/tonne premium

15 November 2012 09:08  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) has bought by tender around 120,000 tonnes of spot naphtha for delivery to Mailiao in the second half of December, traders said on Thursday.

The deals for the cargoes were done at a $13-14/tonne (€10-11/tonne) premium to Japan quotes CFR (cost & freight), they added.

In its last tender, FPCC bought 150,000 tonnes of spot naphtha at a $15-16/tonne premium to Japan quotes CFR for delivery to Mailiao in the first half of December.

($1 = €0.78)

By: Felicia Loo

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