Taiwan’s CPC issues tender to sell 10,000 tonnes of PX

03 June 2013 09:11  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s CPC Corp has issued a tender to sell a 10,000 tonne paraxylene (PX) cargo for delivery in July, a source familiar with the matter said on Monday.

The cargo would be sold at a discount or premium to FOB (free on board) Kaohsiung price, which is derived from 50% Asian Contract Price (ACP) and 50% spot average CFR (cost & freight) Taiwan prices, the source added.

The tender will be closed on 6 June and will be awarded to the highest bidder on the same day, according to the source. 

By: Samuel Wong

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