Taiwan’s CPC buys 75,000 tonnes naphtha for February

31 December 2012 01:55  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s CPC Corp has bought 75,000 tonnes of spot full-range naphtha for delivery to Kaohsiung in February, traders said on Monday.

The deal for the cargoes was done at a premium of $11.00-13.00/tonne (€8.40-9.90/tonne) to Japan quotes CFR (cost & freight), they added.

Asia’s open-spec naphtha contract for first-half February fell by $4.50-5.50/tonne from Friday at $962.50-965.50/tonne CFR Japan on Monday morning, undermined by lower crude futures, ICIS data showed.

($1 = €0.76)

By: Felicia Loo

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