Taiwan’s FPCC awards end-December jet tender at higher premium

22 November 2012 09:42  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwanese refiner Formosa Petrochemical Corp (FPCC) has awarded a tender offering 300,000 barrels of jet kerosene for loading on 20-24 December to a Hong Kong-based buyer at a softer premium, a company source said on Thursday.

FPCC awarded the tender, which closed on 21 November, at Singapore market quotes plus 25 cents/bbl FOB (free on board) Mailiao, the source said.

Previously, FPCC awarded a tender offering 300,000 barrels of jet kerosene for loading on 6-10 December to Shell, at a higher premium of 60-65 cents/bbl to Singapore market quotes FOB Mailiao, the source said.

Premiums for jet kerosene in Asia have declined during November amid an easing of supply concerns and as the arbitrage window for moving cargoes from Asia to Europe remained closed. 

($1 = €0.78)


By: James Dennis
+65 6780 4327



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