09 January 2013 03:46 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) has offered via tender a cargo of methyl tertiary butyl ether (MTBE) for February loading from Mailiao, a company source said on Wednesday.
The tender for the 5,000 tonne lot will close by the end of this week, the source said.
“We are discussing the premium now,” the source said.
The recent softening in European prices, coupled with the lacklustre downstream gasoline blending sector, made premiums unattractive, the source added.
MTBE is an octane booster for gasoline.
($1 = €0.76)
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