30 April 2013 04:10 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) has bought by tender 30,000-60,000 tonnes of spot naphtha supply for delivery to Mailiao in the first half of June, traders said on Tuesday.
The supplies fetched a premium of below $10/tonne (€7.60/tonne) to Japan quotes CFR (cost & freight), they added.
FPCC previously bought by tender around 100,000 tonnes of spot naphtha supply for delivery to Mailiao in the first half of April.
The deals for the cargoes were done at a premium in the low-$20s/tonne to Japan quotes CFR (cost & freight).
($1 = €0.76)
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