Taiwan’s FPCC buys 150,000 tonnes naphtha for mid-July to August

25 June 2013 10:26  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) has bought by tender 150,000 tonnes of naphtha for delivery to Mailiao from the second half of July to August, traders said on Tuesday.

The deals for the cargoes were done at levels ranging from parity to a premium of $1/tonne (€0.76/tonne) to Japan quotes CFR (cost & freight), they added.

In its previous tender, FPCC bought 80,000-90,000 tonnes of spot naphtha supply for delivery to Mailiao in July. The deals for the cargoes were done at discount levels ranging from $0.50/tonne to $1.50/tonne to Japan quotes CFR.

($1 = €0.76)

By: Felicia Loo

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