20 September 2013 11:32 [Source: ICIS news]
SINGAPORE (ICIS)--Indonesia’ Pertamina has issued a tender to sell a total of 15,000 tonnes of paraxylene (PX) for delivery in November and December, traders said on Friday.
Bids for the cargo are to be submitted by 24 September, with two days’ validity, according to market participants.
The first 10,000-tonne PX cargo will be for November shipments, while the remaining 5,000 tonnes will be for December shipments, they said.
The cargoes will be sold on a free-on-board (FOB) Cilacap basis, and will be priced against 50% Asian Contract Price and 50% spot average PX CFR (cost & freight) SE (southeast) Asia values, market sources said.
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.
|ICIS news FREE TRIAL|
|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|
Asian Chemical Connections