Indonesia’s Pertamina offers 15,000 tonnes PX for Nov-Dec

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.

By: Samuel Wong

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