Taiwan’s CPC Corp buys 5,000 tonnes PX for June delivery

09 May 2014 12:11 Source:ICIS News

SINGAPORE (ICIS)-Taiwan’s CPC Corp has bought 5,000 tonnes of paraxylene (PX) for June delivery via a buy tender, a source familiar with the matter said on Friday.

The company released a buy tender on 6 May.

The parcel was bought at close to parity based on the 50% Asian Contract Price and 50% CFR (cost and freight) China Main Port and/or Taiwan spot average quote.

CPC previously bought 10,000 tonnes of PX for April delivery at a single-digit discount.


By Samuel Wong