Taiwan’s CPC seeks 30,000 tonnes naphtha for 1-25 June delivery

22 May 2013 10:36  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s CPC Corp has floated a tender to buy 30,000 tonnes of naphtha for delivery on 1-25 June, traders said on Wednesday.

The tender closes on 23 May, with offers to stay valid until 24 May, they added.

CPC previously bought by tender 30,000 tonnes of full-range naphtha and 30,000 tonnes of heavy naphtha for delivery to Kaohisung in June. 

The full-range naphtha cargo fetched a premium of $7/tonne (€5/tonne) to CFR (cost & freight) Japan quotes, while the deal for the heavy naphtha cargo was done at a premium of $33-34/tonne to CFR Japan quotes.

($1 = €0.78)

By: Felicia Loo

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