Monday, January 23, 2012

Formosa buys around 75,000 tons of naphtha for February to March

Taiwan's Formosa Petrochemical has bought around 75,000 tons of naphtha for February to March arrival, bringing its total purchases since mid-December to over 350,000 tons, as per Reuters. Premium of US$1/ton to Japan quotes on a cost-and-freight (C&F) basis,paid on this was lower than the US$3/ton paid for a previous cargo.

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