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
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