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 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)
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