Taiwan’s CPC buys 35,000 tonnes naphtha for September delivery

15 August 2013 07:18  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s CPC Corp has bought by tender a 35,000 tonne full-range naphtha cargo for delivery to Kaohsiung on 10-30 September, traders said on Thursday.

The deal for the cargo was done at a premium of close to $2.00/tonne (€1.50/tonne) to Japan quotes CFR (cost & freight), 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 to Japan quotes CFR.

Meanwhile, CPC Corp plans to achieve ethylene output at its 720,000 tonne/year No 6 cracker in Linyuan by 15 August, company sources said on 14 August.

The producer started trial operations at the No 6 cracker early in the week after obtaining government’s approval.

Following the completion of trial runs, the facility would need to be shut until approval is obtained for its commercial operations, a company source said previously.

($1 = €0.75)

By: Felicia Loo

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index