Malaysia’s Titan buys term naphtha for July 2013-June 2014

05 June 2013 05:39  [Source: ICIS news]

SINGAPORE (ICIS)--Malaysia’s Titan Chemicals has bought by tender 120,000-130,000 tonnes of term naphtha supply for delivery to Pasir Gudang from July 2013 to June 2014, traders said on Wednesday.

The deals for the cargoes were at a premium of around 75 cents/tonne to Japan quotes CFR (cost & freight) on a 45-day pricing basis, they said.

Each cargo will have a volume of 25,000-32,500 tonnes.

Some of the sellers are Japanese trading companies, traders said.

($1 = €0.76)

By: Felicia Loo

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