17 January 2013 01:43 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s CPC Corp is seeking to purchase by tender both term and spot naphtha supplies, traders said late on Wednesday.
For the term tender, CPC is seeking a 30,000 tonne naphtha cargo for delivery to Kaohsiung each month from March to December, they added.
The tender closes on 21 January, with bids to stay valid until 24 January, traders said.
Separately, CPC is seeking a 30,000 tonne full-range naphtha cargo in the spot tender for delivery to Kaohsiung from 20 January to 15 February, traders said.
The spot tender closes on 17 January, they said.
CPC ramped up production at its two naphtha cracker to around 100% capacity this month. http://www.icis.com/Articles/2013/01/07/9629000/taiwans-cpc-corp-runs-crackers-at-full-tilt-in-january.html
The producer’s 385,000 tonne/year No 4 naphtha cracker in Linyuan and its 500,000 tonne/year No 5 cracker in Kaohsiung were operated at an average rate of 85% capacity in December partly because of turnarounds at some derivative plants.
CPC has a 230,000 tonne/year No 3 naphtha cracker in Linyuan that was mothballed in June 2012 to make way for a new 600,000 tonne/year No 6 cracker at the same site. The No 6 cracker is still on track to start up sometime in July this year.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections