Taiwan's CPC closes H2 August toluene tender $40/tonne lower

10 July 2013 10:00  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s state-own CPC Corp settled on Wednesday its tender to sell 6,000 tonnes of toluene for second-half August loading at a lower price compared with its July tender, a company source said.

The tender issued on 5 July was settled at $1,060-1,070/tonne (€827-835/tonne) FOB (free on board) Kaohsiung to a single trader, down by an average of $40/tonne from July’s $1,100-1,110/tonne FOB Kaohsiung, despite recent rebound in spot prices.

At midday, spot prices for August toluene parcels stood at $1,070-1,080/tonne FOB Korea – a three-week high but were down from early June levels of $1,120s/tonne FOB Korea, according to ICIS.

($1 = €0.78)

Author: Ong Sheau Ling

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