Taiwan’s FPCC seeks spot naphtha amid high cracker runs

07 February 2013 01:55  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) is seeking tender spot naphtha supply for delivery to Mailiao in the second half of March amid high run rates, traders said on Thursday.

The tender closes later on 7 February, they added.

FPCC is running its crackers at 95% capacity in February, traders said.

In its previous tender, FPCC bought around 150,000 tonnes of spot naphtha for delivery to Mailiao in the first half of March. The deals for the cargoes were done at a premium of $15.00-16.00/tonne (€11.10-11.84/tonne) to Japan quotes CFR (cost & freight), they said.

FPCC operates a 700,000 tonne/year No 1 cracker, a 1.03m tonne/year No 2 cracker and a 1.2m tonne/year No 3 cracker in Mailiao.

($1 = €0.74)

By: Felicia Loo

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