Malaysia’s Titan scraps tender to buy naphtha cargo for 16-20 April

11 March 2013 01:52  [Source: ICIS news]

SINGAPORE (ICIS)--Malaysia’s Titan Chemicals has cancelled a tender of 22,500-30,000 tonnes of naphtha for delivery to Pasir Gudang in the second half of April because of high offers, traders said on Monday.

There were a few offers and the premiums were considerably high despite dwindling petrochemical prices, they added.

Titan had requested the cargo for delivery on 16-20 April.

By: Felicia Loo

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