Indonesia's Pertamina trading arm issues second Dec benzene tender

20 November 2013 08:23  [Source: ICIS news]

SINGAPORE (ICIS)--Petral, the trading arm of Indonesian state-owned oil and gas company Pertamina, on 19 November issued a second December tender to sell a total of 12,000 tonnes of benzene, traders said on Wednesday.

One lot of 6,000 tonnes will be loaded on 13-15 December, while a second parcel of 6,000 tonnes will be loaded on 21-23 December, they added.

Prices will be based on an FOB Tuban basis to FOB Korea quotes.

Bids have to be submitted by 11:00 Indonesia time on 21 November, with the results for the tender to follow shortly, the traders said.

Petral awarded on 7 November three lots of 6,000 tonnes each for December loading to two traders and a local end-user on an FOB Tuban basis at a low single-digit discount to FOB Korea quotes.

Author: Sheau Ling Ong

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