Taiwan’s CPC Corp sells 5,000 tonnes PX for H2 May via tender

19 April 2013 08:47  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s CPC Corp has sold by tender a 5,000-tonne paraxylene (PX) cargo for delivery in the second-half of May, market sources said on Friday.

The tender was heard sold at a premium of around $9/tonne (€7/tonne) to a free-on-board (FOB) Kaohsiung price, which is derived from 50% Asian Contract Price and 50% spot average CFR Taiwan values, they said.

CPC Corp, typically a net seller of PX, supplies feedstock to Taiwan-based purified terephthalic acid (PTA) makers, such as China American Petrochemical Co (CAPCO), Oriental Petrochemical (Taiwan) and Tuntex Petrochemical.

($1 = €0.77)

By: Samuel Wong

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