Taiwan’s FPCC buys 30,000-60,000 tonnes naphtha supply for June

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).

The company shunned spot naphtha buying for several weeks subsequently because eroded margins then had led to cracker run cuts.

($1 = €0.76)


By: Felicia Loo



AddThis Social Bookmark Button

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.

Printer Friendly