Taiwan's Formosa Petrochemical Corp has bought around 90,000 tons of naphtha for H2 January arrival at Mailiao at higher premiums compared to a previous purchase, as per Reuters. The higher premiums oof US$5-6/ton to Japan spot quotes on a cost-and-freight (C&F) basis of three medium-range cargoes, reflect a stronger market, despite high volumes of arbitrage cargoes coming in.
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Thursday, December 09, 2010
Formosa pays higher premium for 90,000 tons of naphtha for H2 Jan arrival at Mailiao
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