27 February 2013 08:37 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s state oil refiner CPC Corp has sold by tender 3,000 tonnes of orthoxylene (OX) for delivery in first-half April, market players said on Wednesday.
“The tender was awarded on 27 February,” a company source said.
The parcel was sold at $1,635/tonne (€1,259/tonne) FOB (free on board) Kaohsiung levels to a Korean trader, market sources said, but this could not be confirmed.
“After normalisation [for a 2% tariff-exemption] the price on a CFR [cost and freight] China basis would be $1,602.30/tonne, making it a good buy,” said a regional trader, citing that an OX parcel was last sold on 21 February at $1,635/tonne CFR CMP (China Main Port).($1 = €0.77)
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