Malaysia’s Titan buys naphtha cargo for early May

18 March 2013 09:53  [Source: ICIS news]

SINGAPORE (ICIS)--Malaysia’s Titan Chemicals has bought 22,500-30,000 tonnes of spot naphtha supply for delivery on 3-9 May, traders said on Monday.

The deal for the paraffinic cargo was done at a premium of $9-10/tonne (€7-8/tonne) to Japan quotes CFR (cost & freight), they added.

Titan last cancelled an import tender requirement of 22,500-30,000 tonnes of naphtha for delivery to Pasir Gudang for delivery on 16-20 April because of high offers.

($1 = €0.77)

By: Felicia Loo

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