SINGAPORE (ICIS)--Taiwan’s CPC Corp has awarded its buy-tender for January-arrival MTBE at a floating-price premium, several market participants close to the matter said on Monday.
The tender, which closed on 28 November, was awarded after the close of business on 1 December, at a premium of $25-30/tonne on a CFR (cost & freight) Taiwan basis to FOB (free on board) Singapore quotes, they said.
The company bought a total of 10,000 tonnes of material via this tender, these sources added.
The seller was a regional trader, but further details could not be confirmed.
Meanwhile, the company is still mulling a February buy-tender, traders said.
(Top image: Gas station in the US. Photographer Joe Sohm/REX/Shutterstock)