Taiwan’s CPC Corp seeks 70,000 tonnes naphtha for Sept delivery

05 August 2013 03:37  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s CPC Corp is seeking by tender a 35,000 tonne full-range naphtha cargo as well as a 35,000 tonne heavy naphtha cargo for delivery in September, traders said on Monday.

The delivery for the full-range naphtha cargo falls on 10-30 September, they added.

The heavy naphtha cargo is scheduled to be delivered on 1-20 September, traders said.

The tender will close later on Monday, with offers to stay valid until 6 August, they added.

CPC Corp previously bought by tender three full-range naphtha cargoes totalling 75,000 tonnes for delivery to Kaohsiung in the first 20 days of August.

The deals for the cargoes were done at a premium of $2.50-3.50/tonne (€1.87-2.62/tonne) to Japan quotes CFR (cost & freight).

($1 = €0.75)

By: Felicia Loo

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