Taiwan’s CPC buys 75,000 tonnes naphtha for August delivery

02 July 2013 05:53  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s CPC Corp has bought by tender three full-range naphtha cargoes totalling 75,000 tonnes for delivery to Kaohsiung during the first 20 days in August, traders said on Tuesday.

The deals for the cargoes were done at a premium of $2.50-3.50/tonne (€1.90-2.70/tonne) to Japan quotes CFR (cost & freight), they added.

In its previous tender, CPC bought 30,000 tonnes of heavy naphtha for delivery on 1-25 June. The deal for the cargo was done at a premium of $45-49/tonne to CFR Japan quotes.

In an earlier tender, CPC purchased 30,000 tonnes of full-range naphtha and 30,000 tonnes of heavy naphtha for delivery to Kaohsiung in June. 

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

($1 = €0.77)


By: Felicia Loo



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