Iran’s Fanavaran offers end-May loading acetic acid cargo

15 May 2014 12:16 Source:ICIS News

SINGAPORE (ICIS)--Iran’s Fanavaran Petrochemical on 12 May issued a tender to sell a 2,000 tonne acetic acid cargo along with a 10,000 tonne methanol shipment for loading at the end of May, according to a company official on Thursday.

The tender, which is the producer’s second one issued this month, will expire on 18 May.

Operations at the 150,000 tonne/year acetic acid plant at Bandar Imam Khomeini were recently restarted on 3 May following a two-week plant outage.

The company’s previous tender to sell a 2,000 tonne acetic acid cargo was awarded last week at $550-560/tonne CFR (cost and freight) India. The cargo was due to be loaded this week.

By Helen Lee