Taiwan’s CPC Corp offers first mixed xylenes tender for 2013

15 May 2013 06:56  [Source: ICIS news]

Singapore (ICIS)--Taiwan’s state-owned oil and gas company CPC Corp has issued a tender to sell a total of 10,000 tonnes of mixed xylenes for loading from Kaohsiung port in June, a company source said on Wednesday.

The tender for the two 5,000 tonne cargoes will be priced on an FOB (free on Board) Kaohsiung basis, the source added.

The tender will close on 15 May and the award will be announced on 16 May, the source said.

The loading periods for each 5,000 tonne cargo are in the first and second half of June, the source added.

While CPC Corp restarted its No 3 aromatics plant in Linyuan in early May, it has continued to operate only one downstream paraxylene (PX) line because of high feedstock costs and weak domestic demand.

As a result of the low production, CPC Corp decided to issue the tender to sell its surplus stocks of mixed xylenes, the source said.

By: Hazel Kumari
+65 6780 4327

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