Qatar’s Tasweeq assesses bids in tender for 50,000 tonnes naphtha

07 October 2013 03:19  [Source: ICIS news]

SINGAPORE (ICIS)--Qatar International Petroleum Marketing (Tasweeq) is assessing bids in a tender to sell 50,000 tonnes of full-range naphtha for loading from Ras Laffan in early November, traders said on Monday.

The loading dates are set on 2-3 November, they added.

The tender, which closed last week and remained pending, drew bids in the premiums of $10-12/tonne (€7.40-8.90/tonne) against Middle East quotes FOB (free on board) pricing, they added.

The falling bid levels were indicative of a market falling off further, the traders said.

The company previously sold by tender 25,000 tonnes of gas-to-liquids (GTL) and 50,000 tonnes of plant condensate for loading in September.

The deal for the supplies was done at a premium of $20/tonne to Middle East quotes FOB.

($1 = €0.74)

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