Taiwan’s CPC Corp issues OX tender for end-June

24 May 2013 07:03  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s state-owned oil and gas firm CPC Corp has closed its recently issued tender to sell 3,000 tonnes of orthoxylene (OX) for loading from Kaohsiung port in end-June, a company source said on Friday.

“The tender [issued on Tuesday] closed yesterday and will be awarded later today. Currently, we are still waiting for the results to be announced internally before we can release the ‘winning’ number,” he added.

The tender for the 3,000 tonne cargo was priced on an FOB (free on board) Kaohsiung basis, the source said.

“The bids we have received were higher than the current market levels,” the source added.

CPC operates a 40,000 tonne/year No 1 OX unit, 60,000 tonne/year No 2 OX unit and 70,000 tonne/year No 3 unit in Linyuan.

By: Hazel Kumari
+65 6780 4327

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